Netflix can’t be to happy after shares slid 15% Thursday morning after the movie giant said it was lowering its subscriber estimates by 1 million for the third quarter of 2011.
The loss of subscribers comes after the company announced a $6 price hike for its one DVD a month service and a smaller increase for its 2 DVDs per month.
Did you end up canceling your Netflix service after the price increase? Did you switch to a competitor?
I downgraded to the one-DVD-a-month plan. I had been very happy with the two-a-month-plus-instant plan for years. If their streaming library grows (and I mean by leaps and bounds), I’d upgrade, but that’s probably years away.
Report this comment
I am staying with my Netflix 2 dvd’s and unlimited on line access. The price hike is not that bad.
Report this comment