Netflix Stock is Falling: Should I Dump My Subscription?
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That is probably the question in the minds of many people right now. That is a question I am contemplating, but I’m not planning to bail out just yet.
Netflix, The Ultimate Cable Alternative!
A couple of years ago I heard about Netflix, signed up for the free trial, and got hooked. What more could you ask for if looking for a DVD rental and cable alternative? I signed up in good faith, like millions of others, thinking their business model would not change. At least not drastically. But they did and still I’m hanging on. Why? Because for now, they still have good content that me and my kids enjoy.
Netflix, Too Big to Fail?
Despite the stupid move they made with increasing the price almost 60%, they have managed to keep me on as a subscriber. I dumped the DVD plan after they separated it from the Watch Instantly feature. Instead of paying one price for both, they split it and now charge for both. No more DVDs for me.
My son is not too happy about that. He asks me almost every time he logs on to Netflix, “why did you change it mom!” Even if I explained that I do not want to pay for the DVDs, he would just look at me like I’ve grown two horns. So I just shrug and keep going. He’s distracted by the latest episode of his favorite show that is streaming through the computer by then anyway.
Netflix, Ummmm Are They Failing?
So Netflix’s stock is falling according to CNN. The outcry was too loud to ignore. Did they really think people wouldn’t just cancel?
That’s the problem with getting too big for your britches Mr. Big Brand. The consumers will revolt, especially if they are already apart of the penny-pinching, frugal crowd.
Netflix was a way to escape the big cable companies that continually increased their rates. Despite what these conglomerates think, entertainment is still an optional expense. We don’t have to have it and we don’t have to get it from you.
The Rise of Alternative Entertainment Sources
With the rise of Internet online streaming from companies like Hulu.com, YouTube, and a host others, the entertainment alternatives are pretty vast.
I’m not dumping Netflix…yet. But I’m keeping my eye on them and at the same time I’m considering other sources of entertainment. Hmmmmm the Library is looking pretty promising.
Samantha Gregory
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