BTW, I am now grudgingly back with Redbox.
800,000 subscribers @ $8.00/month. That's $6,400,000.00 a month in revenue or $76,800,000.00 a year. This is not a small amount, even reletive to their total subscribership. The fact that the loss is solely their fault and could have been avoided is why the stock is plummeting and investors are pulling out. It shows poor leadership and impulse decision making. Their CEO needs to go - today. They need someone in there to speak to shareholders and investors and convince them that these types of knee-jerk decisions will not happen again and that Netflix isn't going to jump in and out of markets at random.
Netflix sucks IMHO. When their stream selection matches up with DVD releases, I will actually consider signing up.
BTW, I am now grudgingly back with Redbox. I kinda hate having to get in the car to return a movie and the selection is limited, but at least their insane proliferation scheme means I usually don't have to drive far and can usually work it into my other errands or lunch. I thought I went a little crazy in August, renting so many movies. I looked at my bank statement and I spent $16 and change. That's less than I was spending for a month with Netflix, and I rented 12 movies (there were a couple of thank you freebies in there) versus the 3 or 4 I was averaging with netflix after all the shipping and in stock delays. It's just a much better value.
though redbox is raising prices by %20. but still a darn good deal
http://www.reuters.com/article/2011/10/28/us-redbox-idUSTRE79R01D20111028$1-night-rental price is being upped to $1.20.
Announcing the change, the rental chain also said that it will have a movie-streaming business plan in place by the end of 2011.
The fact that the loss is solely their fault and could have been avoided
yes, Redbox is going from $1 -> $1.20
but also they are adding streaming service
http://www.reuters.com/article/2011/10/28/us-redbox-idUSTRE79R01D20111028
You would be better off buying movies on demand for $5 a pop. No way would it be possible to offer every movie on the planet for a reasonable monthly fee. People who complain about the selection are delusional. It's friggin $8 a month
No, you spent more than $16. Are you factoring in the gas you used just to rent/return those movies? Most people do not, and with today's gas prices it adds up fast.
My office is 2.2 miles from my front door. Between the two are no less than 7 Red box machines. And, as I said, thanks to the fact that there's a redbox every 100 feet, I am not doing any driving I wouldnt have already been doing.
Never really checked out RedBox until this post.
Checked out their website. There are literally a TON of RedBox machines in the immediate vicinity and the cost is ultra cheap for movies I actually want to watch.
Might have to give it a try.
Never really checked out RedBox until this post.
Checked out their website. There are literally a TON of RedBox machines in the immediate vicinity and the cost is ultra cheap for movies I actually want to watch.
Might have to give it a try.