Posted by Matt Rosenberg on March 11, 2009 at 1:31 pm
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Twilight Zone: The Movie film How many people out there in the past say 6 months have signed up for Netflix? In that same period, how many people either stopped going to Blockbuster or have cut back on buying DVD’s? I am in both of those groups. Over the past 6 months, Netflix has completely taken over the movie renting industry. Let’s just look at this, On Dec 1 Netflix stock price was just above 22. Now its at over 37.5, an increase of over 68%. In that same time period, Blockbuster issued rumors of bankruptcy, and the market has completely tanked.
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Melody trailer Netflix itself may have revoluntionized movie rentals. For $7 a month you can have 2 movies come straight to your mailbox. For just a couple more dollars than that, you can have up 3 or even unlimited monthly rentals. In times like these, people are cutting as much frivolous spending as possible but still need to be amused. 2 Movie tickets, popcorn, soda and candy can run you about $40 depending on where you live. New release DVD’s can run you about $15. So if we take an additional look, people still need entertainment but just cheaper forms of it. That is where Netflix comes in.
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Netflix has been great to me thus far for me. I rented Rescue Dawn a couple months back. My job requires me to be here long hours so I don’t get a lot of free time at the moment. That movie has been sitting on my Blu Ray for about 2 months now. No late charges, no complaints, no problems. I’ll get around to the movie but the point is Netflix doesn’t have late fees or bother their customers. In fact, I watched half the movie and must say its pretty good. When I finish it, I’ll write a review
And, just over the last couple weeks there has been a new feature added to Netflix that you can streamline movies right off the internet to your Television. You do need a Samsung Blu Ray (hooked up to the internet). Soon this will be the norm. The new era of Netflix is upon us.
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Let us know if you have recently signed up for Netflix. Let us know your thoughts?
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