Friday, March 12, 2010

Netflix downgraded

I found this article on Yahoo News. This article is about the possible rise in price in Netflix rental or the slowed time it takes to receive a rental in the mail. Higher rates might be in the future due to the postal service having higher rate talks and cutting Saturday delivery out.

To be quite frank, this will not really matter to me. Netflix is cheap enough that its worth it to not have late fees. They also have so many streaming video feed you can watch movies instantly without having to wait on snail mail.
As for Netflix's stock, well it already has seen a dip fluctuation. With its all time high being $71.59 on Thursday, to its -1.33 drop making it $69.86 a share. For those of us that have stock this is not a big deal.

With Redbook biting at Netflix's feet, Netflix might just have to get their creative edge back. Maybe offering video games as well...? Or possibly for every 100th movie watched you get one month free...? With all the free sites out there for example: Hulu, Utube, ect.. There are a wide range of options. I don't have cable or satellite just because I que everything up from the internet. My television is even connected. Instant free or almost streaming video feed.

I am a big believer in keeping our local business's open. It was difficult for me to finally conform and join Netflix, taking my money away from Crown Video. It was inevitable though, knowing that I already use the internet for most shows anyhow. I tried the two week free trial from Netflix and was sold! Whether or not they might raise prices is irrelevant when you consider all the benefits. Ha I sound like a Netflix commercial!

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