STOP THE NETFLIX RATE HIKE
  • Petitioned Reed Hastings

This petition was delivered to:

Founder and CEO
Reed Hastings
Chief Product Officer
Neil Hunt
Chief Marketing Officer
Leslie Kilgore
Chief Service and Operations Officer
Andrew Rendich
Netflix

STOP THE NETFLIX RATE HIKE

    1. John Waudby
    2. Petition by

      John Waudby

      Greenwood, IN

GET READY NETFLIX CUSTOMERS - THEY'RE RAISING RATES AGAIN!!

Netflix is raising its rates again. This time by as much as 60 percent for millions of us!

The company has separated the plans so that those of us who want movies delvered and the ability to stream movies will have to buy separate plans totaling more than $16 per month, up from the current $9 per month.

Netflix began sending video over high-speed Internet connections in 2007 and rasied it's rates then across the board. Netflix has steadily refused to say how many subscribers get the streaming-only options, but an inside source claims it to be "extremely High". Investors seemed to welcome the higher prices in stride.

Netflix's stock rose 53 cents to close $291.27 upon this announcement. Of course the investors loved it. It's more money for them. I bet Netflix didn't raise their rates. Netflix's market value has increased by seven-fold and created about $13 billion in shareholder wealth during the past two years largely because its total subscribers have more than doubled during the same stretch.

As of March, Netflix had 22.8 million subscribers in the U.S. -- about 34,000 more than the number of households subscribing to Comcast Corp.'s cable-TV service. The higher prices could slow Netflix's growth as some customers cancel their plans in protest as I have already done.

Subscribers, like myself were rankled by the latest price increase vented their outrage in comments on Netflix's blog as well as its Facebook page, where there were about 5,000 comments and Netflix stopped all comments on their blog,

Of 5,000 comments, we couldn't find one positve one regarding the rate change. Several of the posters were promising to leave Netflix to try out rivals such as Apple Inc. and Hulu.com, which is currently looking for a buyer.

Bottom Line: Cancel your membership with Netflix. The revenue they are hoping to get will be lost by customers like myself leaving in protest.

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    • Renata Edwards COLLEGE PARK, GA
      • about 3 years ago

      I have Netflix because the price right now is low and not bad for a service with limited choices, frequent streaming problems, scratched dvds etc. I would not pay a dollar more, much less 60% more. I will definitely cancel.

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    • Jamy Schoby SALINA, KS
      • over 3 years ago

      BYE BYE BYE! Found my new service on playon.tv I'm finished with nf! I don't care about the price, it's the point of what they did, and how they have said it!

      REPORT THIS COMMENT:
    • Seema Garg ARLINGTON, VA
      • over 3 years ago

      Why would anyone pay the same price for streaming as for dvds when your streaming service does not have the same capability. If you really were looking to help your customers, the better thing to have done would have been to create a DVD only plan for a lower price and keep the current plans the same.

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    • Shelley Ensinger FAIR OAKS RANCH, TX
      • over 3 years ago

      Not worth the money anymore. Why don't you just admit that you want out of the DVD business? Well, guess what? I'm not streaming to my dinky computer screen. Rather watch DVDs on my rear projection TV, which I will be renting from Blockbuster or Redbox. Anybody but you!!!!!

      REPORT THIS COMMENT:
    • Jessica Souza BROCKTON, MA
      • over 3 years ago

      Im cancelling before 9/1.

      REPORT THIS COMMENT:

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