Netflix, Inc
Price Increase Announced for September, Cancelling Subscription

Netflix sent out an email yesterday announcing a price increase coming Sept 1. It splits the online streaming service and the DVD mail order parts of the subscription and charges 67% more for the bundle. This is a technology company, and technology is supposed to get cheaper as it matures. What is this??? I'm not paying to fund Netflix's Latin American expansion. Guess who is cancelling their subscription altogether on Aug 31? Great move for a "growth" company. Good luck meeting earnings estimates when enough people get hit with the sticker shock proposed by Netflix this fall.

Company: Netflix, Inc
Country: USA

  <     >