Everyone’s been complaining about Netflix the past few months (myself included) & their PR is obviously hurting. In the past quarter they’ve lost 810,000 subscribers & wrote shareholders to tell them the news. Their explanation is that “many perceived us as greedy… many of our long-term members felt shocked by the pricing changes, & more of them have expressed that by canceling Netflix than we expected.”
They admitted that the aborted plans to split DVD rentals & instant streaming into separate websites & companies was a big screw-up that increased cancellations but they’re considering it a relatively minor impact.
Their letter to shareholders said that both profits & revenue will be lower than expected & that the planned expansion to Ireland & the UK will be likely to push the company into the red next year but it’s expected (desperately hoped?) to be worthwhile in the long-term. In response their stock price has dropped from $118.84 Monday to around $75 now (That’s 37% for those keeping track at home.)
It's okay, I'm not exactly sure what that means either, but it looks bad.
The loss of 810,000 subscribers represents barely 2% of their total, but the real problem lies in the price increase from $9.99/month to $15.99/month for DVD rental & online streaming. Only 7% of subscribers opted for the new package. So 7% of customers are paying 60% more while 93% are paying 20% less. The price inflation led to a revenue drop of about 14.4%. Ouch.
Hopefully for Netflix the millions of customers that will no longer require shipping & packaging costs as well as success in Canada & the upcoming UK expansion will assist in some form of balance. The irony lies in the fact that thanks to terrible PR, Netflix has ended up taking a major hit from the price hike when the price cut is actually causing most of their current problems. Is anyone really thinking “Poor Netflix” after all of this clusterfluffery?
When I first read the news of the DC reboot planned for September, I went into panic mode. When I read that my hero would be reverted back to the cape and right out of the wheelchair I had come to identify with her in, I panicked more and swore to never buy another DC comic.
Then I stopped, took a breath, and actually thought things through.
Resistance is Futile.
Twitter has been exploding with comments on the geek cred of new Miss USA from California, Alyssa Campanella. To summarize, during the poise section of the pageant (going based on my knowledge of pageants from my own participation), Campanella was asked a question pertaining to her love of collecting history books. Her answer cited her love of shows like HBO’s “Game of Thrones”, “The Tudors”, and Camelot, seen here after the jump around 2:25.
Really interesting and well-thought out essay.
New Year’s Resolution (one of many) to blog on a semi-regular basis, especially as I’m spending the month of January in Los Angeles interning with Tubefilter.
If you didn’t already know, Tubefilter is a web television promoting and reporting company. They host the annual Streamy awards for the best of web television and web video. This is the same internship I was hoping to do last year but the timing just wasn’t right and it didn’t happen. This year everything managed to fall into place and I arrived in Los Angeles on the 1st, starting work on the third.
Filed under Geekery, Updates
Today we shall be discussing my favorite male superhero, inspired by this 30 Day DC Meme going around, but not following it.
This is a tough one. I grew up with Batman as my #1 hero, male-wise. But as I’ve grown older and studied ethics and begun to understand more about how the world works, I’ve seen the flaw in Batman’s methods. I’ve also had the obligatory crush on Dick Grayson since I was six years old, but again, his methods are almost identical to those of his mentor. Tim Wayne is another favourite (I know, I know, I’m a Batfam gal, what can I say?), for his brains and the fact that he’s a geek just like the rest of us. But as far as fighting crime goes, their methods are all too similar.
Filed under Comics, Updates
Nannying is going strong. Friday was… interesting. We washed the (large) dog and her carrier and I got two little showered and packed to go to the lake… all in one hour. Supernanny? Possibly.
The countdown until I’m back at school in NC is at 42 days. I really, really can’t wait. Even though I did have a pretty awesome night last night (being dragged to bingo at the American Legion aside, Mexican food and a movie plus a lot of conversation with my two oldest friends–I’ve known both since I was a baby–made it a good night), I still miss my roommate and my college friends, not to mention our beautiful campus and my job (pizza delivery girl, if you didn’t know). But I’ll be back soon enough, and then I’m sure I’ll be begging for a break from full-time studentdom and working 25+ hours a week. Now onto the fun stuff.
Today I want to talk about my childhood hero.
Filed under Comics, Updates