CHESSNOID

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Netflix loses 1 million subscribers

Posted on Sep 16, 2011 by CHESSNOID in Netflix | 0 Comments

I talked about this yesterday, but didn’t realize how many people this translated into.  According to the media it is about 1 million people who dropped service from netflix since september 1.  That is a lot of people.  Just imagine if they grandfathered the plan in and allowed people to keep their current plan.  That is 1 million multiplied by $9 a month or $9 million dollars saved.  Sounds to me like bad decision making by management.

WKYC-TV:

The backlash from the Netflix price hike is hitting their bottom line. There’s news today they lost 4 percent of their subscribers this month alone.

If you’ve dropped the service, what’s the most affordable way to rent movies?

Channel 3’s Consumer Reporter Maureen Kyle breaks down the prices and options.

Outrage over price hikes took a toll on movie rental monster, Netflix. Since Sept. 1, one million people dropped the service. The bundle deal of both streaming and renting movies went from $10 a month to $16 and the two options were no longer bundled.

Tapping into the popular market, ITunes sells 24-hour movie rentals for between $2.99 and $3.99 for new releases.

Facebook rents you Warner Brothers movies only for the price of $3 and the ever-popular YouTube will rent you free movies for older titles. For a movie still in the theatres, you could pay $9.99 for a 48-hour rental.

If you still like the physical DVD, Redbox movies rent for $1 each.

In store, Blockbuster’s rentals are anywhere from 99 cents to $2.99 for new releases. Their mail-in rental service allowing for as many movies as you want one at a time, and goes head to head with the new cost of Netflix, both at 9.99 a month.

Your on-demand cable prices are going to range from $5.99 to $6.99.

But for the ultra thrifty, keep in mind, a library card gives you free access to some of the new releases and, best of all, it’s for free.

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