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UPDATE, 1:08 PM: Here we go again. Netflix closed today at $57.01 – a 5.4% drop and its lowest price in more than two and a half years. Its market value is now about $3.2B, down about $1.3BM since Tuesday. That evening the company said that subscriptions might fall short of expectations this year, and it could report a loss in Q4 as it expands into a new overseas market.
PREVIOUS, 8:16 AM: The overall market is up in early trading, but Netflix isn’t joining the party. Its shares are down about 5% after it hit a new 52-week low yesterday. It closed Wednesday at $60.28, tumbling 25.02%. There doesn’t appear to be any new news following the company’s report late Tuesday showing lower-than-expected sign-ups of domestic streaming subscribers, and the likelihood of a Q4 loss as Netflix expands into another overseas market. That startled several analysts, leading some to lower their price targets. The current trading price gives Netflix a market value of less than $3.2B — in the same ball park as companies such as AMC Networks and Gannett. Netflix is down more than 17% so far in 2012 and -78.6% over the last 12 months.
Related:
Netflix Stock Hits 52-Week Low On Sub Growth And Spending Fears
Netflix Shares Fall After It Forecasts Losses From Overseas Expansion
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Umm, it’s ALL about the content.
Have you looked lately? It’s not movies on demand anymore, now it’s old T.V. shows on demand.
Content. Content. Content.
NEW TV shows, across broadcast and cable,streaming, with no annoying ass ads. do that and win! Wide open field. I’ll pay $8 a month for that.
Who wouldn’t pay $8 a month for that, but the networks and studios would never allow that. If they did, then Amazon would want to offer the same thing through their Prime program and the Apple would hit the roof.
Let’s look at what’s new in Netflix Steaming:
* Transformers – Dark of the Moon
* Thor
* A new season of Top Gear
* A new season of The Glades
* Resurrect Dead: Mystery of Toynbee Tiles
* A new season of Eureka
* Ayn Rand & the Prophecy of Atlas Shrugged
* The Elephant in the Living Room
* Windfall
… Two tentpoles that are both ~ a year old and an assortment of noise from basic cable.
Soon Netflix will need to pay me to subscribe.
Haha at least they’ve got Thor!
My DVD queue is 300 titles and streaming is 22. The saving grace is the ease by which you can jmo in and out of plans. I’ll burn thru my streaming queue and then go back to DVDs for a while, to let the streaming queue refill to a decent level. That should take, what, a year? At least I won’t be paying for it during that time.
Jmo = jump hahah
Again with the this company that doesn’t know how to cater to any of its customers. I am getting sick of Blockbuster Online in fulfilling my physical media needs, yet not so sick that I’m willing to pay an extra $10-15 per month for the same level of service. The streaming is not a big interest to me especially knowing what titles they offer. I am fascinated by their model, however, as they are making millions satisfying no one. Where is the other competitive company to close the gap?
Man am telling you i dont know what am paying over 8 bucks plus taxes for netflix i seening all the movies there i dont care about them old ass movie there need to make deals with fox warner brother universal pictures netflix streaming really suck if things does not get better am going to be canceling pretty soon
I’m sticking with their physical plan. Blu-rays to the door. Newer movies. MUCH newer movies. And far better quality. Yes, I am willing to wait a day for a disc, no biggie. And if I need a streaming fix, AppleTV blows Netflix out of the water, Especially in picture quality.
I’ve had Netflix since the very beginning, it’s easy to go in and out of a plan and they prorate so you can change in the middle of the month. I wait a few months until they have new releases on DVD then join watch them in a month then go back to streaming, I know I’ll never see new releases on streaming but just last night on streaming I watched Dr. Who and two Tim Allen movies and Ramen Girl. Mostly indie’s but good none the less.
The only thing I think they could do better in more old TV shows from the 50’s 60’ 70’s like Rat Patrol (ABC 1966) The Monroes (ABC 1966) Hogan’s Heroes (CBS 1965) The Jean Arthur Show (CBS 1966) and most of the CBS comedies of the 70’s
Don’t normally post anything online – but thought I would just add a thought that many of you may not realize. Netflix is stating that its profits are down due to expansion outside of the United States. I currently reside in Canada, an area they expanded to about 2 years ago. Netflix took awhile to catch on, originally people were afraid that their internet providers would charge them extra for streaming so much content. But that hasn’t happened. In Canada to have highspeed internet and cable (including HBO) we are charged $160/month or $1800/year. Even with its old tv shows and last summer’s blockbusters – $8/month for neflix is insanely cheap to us. I think many American’s don’t realize how much more expensive entertainment is in other countries. I have many friends who are ditching cable altogether and just streaming netflix through their PS3. Although I enjoy watching new episodes of Dexter and Breaking Bad – I understand their reasoning for leaving convetional cable to save a ton of money.
Wait…Canada has Dexter? Wth!