Netflix Inc. recently announced a plan which would bring members steaming videos and TV shows for a low premium every month, 7.99$ is the rumored price. Currently, Netflix sends DVD's in the mail instantly and members can also stream a select set of videos from the PS3, xbox, computer, or whatever the technology may be. The new service would allow members a broader selction of videos and TV shows instantaneously. The plan is offered in Canada at the moment to test the waters if they were to bring it to the United States.
Netflix Inc. has nearly tripled their stock in this fiscal year and there is no sight of it going down. With a stock market that is going up and down everyday, Netflix has been able to rise their stock. The answer is customer satisfaction. Word travels fast along the web and between friends who love to watch videos. Anyone who has a computer can't say they have ever streamed a video or TV show on the web. Netflix is trying to eliminate these sites and create profit. They are doing this by low costs, accessibility, and customer satisfaction.
Netflix
What do you think will happen to Netflix? Will they rise or fall?
I think that they certainly have tapped into a gold mine in terms of people looking to legally access movies and shows. Truthfully I think that this can only be made better. There are so many options in creating a larger streaming video data base to access from. I do think a valuable part to this service is the fact that the legal process allows people to communicate with a service. If I ever find a movie or show online I would never try to contact the provider unless it was a legal site. In addition, if any restrictions do come and stop even a portion of illegal downloading and viewing, netflix will only grow larger and be more profitable.
ReplyDeleteHeres more expansion that netflix is making.
http://www.hackingnetflix.com/
I definitely think Netflix will continue to rise for the time being. It is such a big hit that has really capitalized on the idea that americans want things "instantly" and their pricing strategy works well- rather than paying per movie like on demand services. It definitely will be interesting to see what does happen and what companies will try and compete
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