Netflix Abandons Qwikster, Quiet on Game Rentals

October 10, 2011 -

Netflix has decided that separating its DVD rental business from its streaming business might have been a bad idea after consumers gave them a very public verbal thrashing. Netflix CEO Reed Hastings wrote on the official company blog this morning that Netflix has abandoned that idea, instead keeping everything the way it was before. One thing we do not know is whether Netflix will move forward with its plan to rent video games to its subscribers because Hastings doesn't mention that in his post.

"It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs," he wrote on Monday.

Hastings went on to defend the price change in July and noted that this will be the last time they adjust prices for awhile, but noted that it was a necessary change. Investors seem to agree with consumers; this morning the stock climbed 3.5 percent as of this writing. The stock dropped nearly 40 percent after the company announced its plans last month.

While some analyst are still worried about the company - particularly the CEO who seemed to cave in too easily to all of his critics, most are bullish on the company's future - at least in the foreseeable future.

Source: WSJ


Comments

Re: Netflix Abandons Qwikster, Quiet on Game Rentals

I think the stock dropping may have been the real reason for this statement, not necessarily the "verbal thrashing." I do think that may have been a reason, I just think it was not the main reason.

-----------------------------------------

Managing Editor at TheBestGameSiteEver.com

Re: Netflix Abandons Qwikster, Quiet on Game Rentals

Which came first stocks or membership, if membership drops then stocks will follow.


Copyright infringement is nothing more than civil disobedience to a bad set of laws. Let's renegotiate them.

---

http://zippydsm.deviantart.com/

Re: Netflix Abandons Qwikster, Quiet on Game Rentals

Agreed.

-----------------------------------------

Managing Editor at TheBestGameSiteEver.com

Re: Netflix Abandons Qwikster, Quiet on Game Rentals

They saw the fright!


Copyright infringement is nothing more than civil disobedience to a bad set of laws. Let's renegotiate them.

---

http://zippydsm.deviantart.com/

 
Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
Matthew Wilsonthe interview will be on youtube/xb1/ andriod today.12/24/2014 - 1:05pm
james_fudge1900's?12/24/2014 - 12:56pm
james_fudgeYeah we could go way way back :)12/24/2014 - 12:56pm
E. Zachary KnightCopyright law in general has been broken since at least 1976. Could be even earlier than that.12/24/2014 - 12:24pm
james_fudgeWhat he said :) They want to make it worse than it already is.12/24/2014 - 12:14pm
Papa MidnightDMCA has been broken since 1998. Good luck getitng Congress to do something about it.12/24/2014 - 11:39am
Craig R.At least they owned up to the mistake. But doesn't change the fact that DMCA is thoroughly broken.12/23/2014 - 5:23pm
MaskedPixelanteSpeaking of Dark Souls OMG I'M MAKING ACTUAL PROGRESS WTH IS THIS WHAAAAAAA12/23/2014 - 10:49am
MaskedPixelantehttp://www.neogaf.com/forum/showpost.php?p=144500932&postcount=740 Yup, DSFix was part of an unrelated take down, and is being resolved.12/23/2014 - 8:04am
prh99Of course had they not done such a rush on the port we wouldn't dsfix to make the game not look and play like ass. 720 internal renders aren't so hot scaled to 1080.12/23/2014 - 7:38am
Papa MidnightIt was most likely an automated tool. Happens all the time. Just another case of the broken DMCA Claim and Takedown process that puts the entirety of the burden of proof on the accused instead of the claimant.12/22/2014 - 10:09pm
Conster*applauds IanC*12/22/2014 - 7:37pm
MaskedPixelanteSounds like BN was going after an unrelated mod, and took out DSFix in the process. Probably once a counterclaim goes out, this'll all be sorted out.12/22/2014 - 7:04pm
Matthew Wilsonhttp://www.neogaf.com/forum/showpost.php?p=144440299&postcount=1 wtf is namco thinking.......12/22/2014 - 6:17pm
MaskedPixelantehttp://www.joystiq.com/2014/12/22/read-the-fine-print-ubisoft-free-game-offer-waives-lawsuits/12/22/2014 - 6:00pm
Papa MidnightI kind of liked the movement to have Terry Crews play him instead, but this will do.12/22/2014 - 3:40pm
MaskedPixelantehttp://marvel.com/news/tv/23866/mike_colter_to_star_as_luke_cage_in_marvels_aka_jessica_jones#ixzz3MeuUl63P Mike Colter is Luke Cage.12/22/2014 - 3:23pm
IanCBecause that isn't Max Payne 3. It might have the name, but it isn't an entry in the series.12/22/2014 - 12:48pm
IanCOh theres a Max Payne 3? A proper one, or are we referring to that abomination that Rockstar crapped out a few years ago12/22/2014 - 12:48pm
IanCUpgraded PS3 hard drive to 500gb. Restored 53GB back up. Done the maths, have somehow used up 106GB already?12/22/2014 - 12:44pm
 

Be Heard - Contact Your Politician