Re: Netflix Instant Streaming Recommendations Thread
Netflix is taking a HUGE hit over this price increase. Down 600,000 customers.
It could get uglier if the worst-case scenarios play out. Netflix suffered another setback earlier this month when Starz Entertainment ended talks to renew the licensing rights to a key part of Netflix's video library for streaming over the Internet. The fallout from that decision will hit in March when Netflix will no longer be able to stream the popular mix of recently released movies and TV shows that it got from Starz, raising the specter of another onslaught of customer defections.
Raising prices while providing less content? Not a good formula.
"panic" only comes from having real expectations