Move Aside, Netflix! Dish Network To Introduce Online Movie Rentals

Some more bad news for Netflix!

Not only have they raised their prices, leaving customers VERY upset, but they've also just recently lost out on their deal with Starz, dropping their stock price by 9% last Friday.

And NOW they have new competition.

The Dish Network is looking into releasing their own movie subscription that will include online streaming as well as mail and in-store rentals, AND on-demand rentals.

Dish also owns Blockbuster, which means they would be getting existing customers as well as possibly picking up the Starz deal that was broken with Netflix.

This is some major competition for Netflix and with so many customers angry at the company for raising their prices, they could very well see another drop in user subscriptions.

Yikes!! We'd think twice about our pricing decisions if we were you, Netflix! Things aren't looking good for you…

Tags: blockbuster, competition, dish network, movie rentals, netflix, prices

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Listen Up, Netflix! Even Wall Street Thinks You Screwed Up!

Might be time to admit that you were wrong, Netflix!

Earlier this week, we were NOT pleased to learn that Netflix decided to split their DVD-by-mail and video streaming services into two separate entities.

As is to be expected, there was LOTS of backlash from critics and customers…and now Wall Street is telling Netflix that they messed up!

Here's what Pacific Crest Securities analyst Andy Hargreaves had to say about Netflix's big business mistake:

"Netflix's recent price changes, followed by the separation and rebranding of the DVD business, have increased (subscriber turnover) and damaged the brand value. We expect near-term uncertainty to persist until the direction of content negotiations and competitive offerings becomes clearer."

More from Janney Capital Markets analyst Tony Wible:

"We believe the loss of $9 billion in market value rests with the CEO and believe one of the only ways (Netflix) can reverse momentum is to change management and reverse much of what it has already committed to. Frankly, we do not believe (Netflix) is likely to take these steps. The management has not shown to care about investors or its customers."

Bummer. Here's more from Morgan Keegan analyst Justin T. Patterson:

"We see little reason to create a new brand unless Netflix was intending to ultimately spin-out the Qwikster business. The friction of using both services could cause more to downgrade or even cancel their service."

And because we're so disgusted with Netflix, we've included even more criticism from Wall Street analysts AFTER THE JUMP!

Do U think that Netflix screwed up? Do U think there's any chance they'll give their customers what they want???

Here's Merriman Capital analyst Eric Wold on Netflix's screw-up:

"(For investors), we continue to recommend staying on the sidelines until the near-term uncertainties lessen. Our concerns…remain in place and we believe (subscribers) will continue to seek out a less-expensive option in general and especially within an economic environment where fixed costs are being cut by household budgets."

More from Caris & Co. analyst David Miller:

"We also have a problem with (Netflix's) decision to enter the videogame rental business…the beauty of filmed entertainment, as we see it, is that it is a long-lived asset exploitable in multiple windows. Audiences of the series Seinfeld, for example, can still find virtually the same entertainment value in watching that show today versus its prime almost 20 years ago. The same cannot be said for video games, which find obsolescence very quickly."

Wake up, Netflix! Seriously…

Tags: analysts, customer, dvd by mail, mistake, netflix, qwikster, screwed up, video streaming service, wall street, wrong, wtf

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Netflix Expanding to Central and South America

Netflix said Tuesday that it would begin offering its streaming movie and TV service in Central America, South America and the Caribbean later this year, marking a major expansion of the company’s geographic footprint.

To date, Netflix has been available only in the United States and Canada. Investors have been looking for insight into the company’s international growth plans.

The expansion totals 43 countries, Netflix said in a news release. It did not specify when the service would be for sale in those countries, beyond saying “later this year.” The service will be available in Spanish, Portuguese and English.

Netflix said nothing about how it would license content in other languages. Licensing issues are thorny for services like Netflix because the rights to films and TV shows are sometimes carved up on a country-by-country basis.

The Netflix chief executive, Reed Hastings, and chief financial officer, David Wells, acknowledged in a letter to shareholders in January that potential growth outside the United States was a fundamental question for the company going forward.

“Each country represents a new market, where we have global process knowledge and technology, but no brand or content until we invest locally,” the two men wrote in the letter.

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