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Netflix, Inc. Complaint - Sept 2011 Price Increase
Netflix, Inc. Complaint

Netflix, Inc. Complaint

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Sept 2011 Price Increase


Netflix sent out an email yesterday announcing a price increase coming Sept 1, 2011. It splits the online streaming service and the DVD mail order parts of the subscription and charges 67% more for the bundle. This is a technology company, and technology is supposed to get cheaper as it matures. What is this??? I'm not paying to fund Netflix's Latin American expansion. Guess who is cancelling their subscription altogether on Aug 31? Great move for a "growth" company. Good luck meeting earnings estimates when enough people get hit with the sticker shock proposed by Netflix this fall.


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Comments


rainierC says: (6 years ago)
 0
You're absolutely right! Specialists think that Netflix's recent news of a 60 percent price increase will start to send over two million paying customers toward the exits. Where all of those customers will go definitely won't be left up to chance, if Wal-Mart has anything to say over it. Through the recently acquired VUDU program, Wal-Mart will offer consumers streaming HD movies and TV through WalMart.com. Here is the proof: Wal-Mart introduces streaming HD content via VUDU.




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