Will Netflix Go Bankrupt In A Year???
Don't spend TOO much time creating an extensive Netflix queue…you MAY not make it through the whole thing!
Yesterday, we reported that Netflix stock prices hit a 52-week low EVEN THOUGH the company admitted they wrong and announced that they wouldn't split into two separate entities for DVDs-by-mail and streaming service.
Now, investors' blog SeekingAlpha.com is saying that they believe Netflix could be bankrupt WITHIN A YEAR!:
"[Netflix] is in real trouble. This company has much deeper problems than just a series of PR flubs. It is nowhere close to being able to pay back their debts due within 1 year, let alone the next $1.3 billion due between 1 and 3 years."
That's what you get for doing wrong by your customers! And now that companies like Blockbuster, Amazon, Redbox, and Hulu are stepping in, it's going to become increasingly hard for Netflix to recover.
MAYBE if they lowered their prices once again, they'd have a chance for survival. Maybe.
What do U think? Will Netflix become Nonexistentflix in a year???
Tags: amazon, bankrupt, blockbuster, hulu, investors, netflix, nonexistentflix, qwikster, redbox, seekingalpha, stock prices, survival
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I like the idea of netflix, I don't like their selection its so off base and cheesey i mean seriously how many japenese movies can they cram in there for filler? Do they really think I want to watch negative happy edge chainsaw?
Price Hike a bright idea? I think NOT!
About time consumers started fighting back against these companies. I want to see more of it. We need to take back control and remind companies who can make or break them. Tired of being ripped off.
Unfortunately, I don't think it was actually Netflix that wanted to raise their prices. It was the greedy media producers who demanded that Netflix pay more money for streaming rights to films that caused their ultimate cost increase. They were trying to let people keep the film-by-mail service price low for those people who don't stream films, but they underestimated how many of us stream films. Sad all around that such a great idea took such a poor downward spiral. I hope they get some new ideas flowing because less companies equals less jobs & less competition and that's bad for us all!
I have used Netflix for a long time. While rate increases are expected, raising it almost 60% was just too much. Due to this we will have to get rid of DVDs or the streaming…can't do both anymore.
I hope they stick around it would be a shame if they went down after all this time!
They'll be fine whoever is saying this is just trying to keep the negative press going and ruin them by word of mouth.. aint gonna happen Netflix is too great and they will get their shit in gear, I got rid of the live stream on my account because I dont use it so Im pretty much still paying what I paid before
You guys are crazy. 17 dollars/month is not too much for streaming and DVD by mail. It's way cheaper than what Comcast charges.
I still have my Netflix. People are stupid. You think I'm gonna go to fuggin' HULU? NOT
Perez, you NEED TO LEAVE NETFLIX ALONE!!! Why would you contribute to a company going bankrupt? You are so stupid sometimes…
Netflix's management is INEPT. And they're bound to continue making senseless changes in the near future. Since this mess started 2 months ago, I've begun using TVDevo for decent TV & Movie streaming. Redbox for DVDs. Looking into Blockbuster too. Goodbye Netflix. You've lost another long time customer forever.
blockbuster is the shit. netflix had it coming
That's what they get for bankrupting Blockbuster! Ha!
"admitted they wrong" - learn to speak.
well…..all those movies are gonna have to go somewhere! damn u netflix i BEEN paying!!! sending me a few randoms!!!! you know i'm the only one renting clifford!!!!!
Not everyone uses Netflix enough to make it worth the price increase. I was busy and only watching maybe 4 or 5 movies enough. 16$ is too much to pay for 5 movies, especially when you go to redbox for only a dollar.