In class wed. the topic of Netflix was brought up where is going to be a huge price increase by 60% which has made existing netflix members very upset. They are so upset that they threaten to unsubscribe to the company and use Redbox or the other online website Hulu. The price for both streaming and DVD rentals will increase from $10 to $16 dollars. The price increase is suppose to raise the revenue for the company and the company is aware that people will cancel but they believe the ones who do cancel will be the people that have the lower priced service so it will be like trimming the weeds. Netflix doesn't really care about losing customers because they know people will be mad about that price increase however not be mad enough to cancel there subscription. However I am always on youtube and I notice you can also rent movies maybe google will come up with a more long term rental service that will compete with Netflix and cause more competition. Also I know there are also rental services from apple where you can stream anywhere from your apple devices. Or if you are like me I try to find the cheapest alternative and find it for free online which they are free websites to watch shows and movies. People should consider there are more better overlooked movie rental alternatives which offers EVERY genre of movies and are not as strike and listens to the customers needs which I think netflix lacks its care for its subscribers. We will see what happens to netflix future with the price increase.
http://www.reuters.com/article/2011/07/13/netflix-prices-idUSN1E76C12G20110713
http://www.huffingtonpost.com/2011/07/12/netflix-price-subscription-plan_n_895779.html
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