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Check That: Netflix Decides NOT To Turn Their DVD Service Into Qwikster
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The Movie God   |  @   |  
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Qwikster

Last month Netflix decided to offer up an explanation for the massive price increases that have resulted in the loss of around one million subscribers to the movie rental service. Ever since the announcement that they would be raising their prices, the company has been battling some of the most ferocious criticisms ever seen, and desperately trying to figure out how they can calm the waters.

Some of their plans to accomplish this involved promising that they were all done with raising their prices, promising plenty of new content, and separating their instant streaming service from their DVD/Blu–ray–by–mail service, which would now be called Qwikster and require you to manage your movie rental queues on two different websites. But that last decision didn’t go over quite as they expected it would, and customers were again outraged.

And so, after all of this madness, Netflix has decided to vacate their plans to create Qwikster and just leave everything on the Netflix website as it’s always been. Surely people would have rather they remedied the price hikes, but this will have to do for now.

...continue reading »
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Amidst Loss Of 1 Million Customers, Netflix Offers Explanation; Announces Video Games, Qwikster
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The Movie God   |  @   |  
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Qwikster

To say people were angry when Netflix announced even more price increases in July would be an outrageous understatement, to say the least.

But instead of people just complaining and moving on like we so often tend to do, the negative reaction was matched by significant losses. Netflix shares have dropped nearly 20% so far, and the company’s previous estimation of around 25 million subscribers by the end of the third quarter has now been lowered to 24 million, meaning at least a million people have already decided to bail on the service.

Instead of just leaving things be and see how they turn out, Netflix is making some more big changes (though none to prices, no worries).

...continue reading »
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