Posted on 06/20/2016 3:54:17 PM PDT by Extremely Extreme Extremist
A new study claims that sticker shock could cause hundreds of thousands of loyal U.S.-based Netflix customers to cancel their subscriptions to the popular streaming content provider.
In January 2014, a high-definition Netflix subscription cost customers $7.99 per month. By May of that year, Netflix had already began raising its prices, first to $8.99, and then, five months later, to $9.99 for all-new subscribers. Pre-existing users were grandfathered in to their original $7.99 plan, with the promise that their service price would never change. That promise was apparently broken in April when the company announced in a letter to investors that it would “phase out this grandfathering gradually over the remainder of 2016, with our longest tenured members getting the longest benefit.”
(Excerpt) Read more at breitbart.com ...
Rush talked about how millennials are always whining about having to pay something. When HBO rolled out its GO streaming package, there were tons of millennials complaining about paying it monthly. These kids have absolutely no idea how the economy works. Netflix is popular for a reason, and it's one of the biggest users of broadband. So of course, it's going to raise its prices to meet the demand of consumers.
Amazon Prime is $99 per year.
It is not a one time charge.
I doubt this. Some will quit, some will actually join given the hubbub it will create “Better get in while the getting’s good”.
Netflix (which I don’t subscribe to and don’t own a TV set) is a fabulous deal, especially compared to cable.
I seriously doubt anyone will cancel.
Cancel cable and any rate hike will still be a fraction of what those rip-off companies charge.
Netflix isnt going to go broke just to satisfy some cheapskates.
I meant once per year. It is an annual charge.
I just download using UTorrent and skip all that mess. Anything I want and frankly those places don’t have a good selection of stuff anyway.
My netflix sub ended when I got a new chip card.
They haven’t added anything I want to see in close to a year, so not worth it.
Netflix offerings have suffered in recent years, but they they still have significant value, considering they do not implant commercials.
I got Amazon Prime on a one-day special at $70 for the first year. That averages about $6/month. Not a bad price for their offerings.
I have tried Crackle, Hulu and similar that have imbedded advertising. Nearly every time I tried to watch a movie or program, it would freeze about half-way through after a commercial break. When I tried to restart, it would run through a dozen commercials — and jam again. They were not really worth the frustration and hassle — even if they are free.
I’m willing to pay but what I really hate is having to go searching across several sites for good content. Currently I have only Netflix but I had both Amazon Prime and Hulu for a while. As far as I am concerned the consumer problem that MUST be solved is making a great deal more movie content available on one site/channel, at whatever cost. I simply don’t want to waste my time scouring through several sites trying to find a movie to watch.
.... and the movie selection at Netflix really sux, I am close to cancelling with them. Time, convenience, and maximum content are consumer issues that are not being well addressed at present.
XBMC(Kodi) , Exodus, Pear Tv, will get you just about everything, and it is FREE.
I have 4 screens @ time, Ultra HD for $12/mo. I let my mother sign in on my account. Awesome deal, and they are the only ones with Oscillating Fan for Your Home to stream!
Our daughter got all of us an account a couple years ago. She foots the bill for it, but every time I look for something I want (which is rare, my tv time is about 1/2 hour a month) it’s not there. I’ve tried to tell her to save the money but she always says “Maybe you’ll find something...”
And this theft is a conservative value? How do you reconcile this? Just asking as I am always surprised at people criticizing others for handouts and icy (maybe not you specifically), but then opening comment. How they get their own freebies and five-finger discounts.
For all the discussion, no mention of the new rate and how this might be so onerous that have their subscribers would quit.
I love Netflix and think it is a very good deal at twice the price. I am not a heavy screen watcher and they have just what I need. I am thinking of re-uping my dvd by mail subscription too.
>Pre-existing users were grandfathered in to their original $7.99 plan, with the promise that their service price would never change. That promise was apparently broken in April when the company announced in a letter to investors that it would “phase out this grandfathering gradually over the remainder of 2016<
In other words, Netflix lied to its earlier subscribers. I hope they get a class action suit thrown at them.
“Amazon Prime is $99 per year”
Correct. I only subscribed once and that was by mistake as I forgot to tell them “no” after the trial. I only watched 2 movies on prime which was World War Z and Expendables 3.
Get an Android TV box on ebay for $30 with Kodi and the Kodi-addon Exodus.
Netflix on steroids for free.
LOL I do the same thing with torrent.
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