Re: How about that inflation
Posted: Fri May 27, 2022 6:08 am
I'm not sure if it's really inflation or part of their overall market strategy but Netflix raised their price like $1.50 in January and then didn't meet 1st qtr earnings and their stock took a beating because of it. Not only did it lose like 30% in value, I believe was the initial figure, but I think they lost more than 2 million long-term subscribers. That being defined by 3 years or more. Which is a pretty big deal. They expect decent amount of turnover each qtr but to lose faithful viewers says a lot. It's kinda weird, a lot has been written on them but none citing the price hike for the defection. They said they're going to crack down on password sharing. I think that's a legit concern as they said people share with like 8-9 people. What I kinda wonder is how do you tell for certain. Like, in just my own possession I have logged into Netflix on my laptop, in my new Roku stick, which is currently in my bedroom, and on my PS3 in my living room. I haven't logged in on my phone but that's an option. Then, if I should end work from home, I could conceivably log in at work. All legit mine. But would it look like I'm sharing? I know they sent me an email saying that someone had logged in from India and reminded me that my account is for my household. I called customer service to see if it was real and all they could say was change my password. But I had been traveling and mentioned that, and asked if they could see it was one of my normal devices but she didn't seem to care too much. Like, OK??
They did announce new, cheaper, ad-supported service I think coming next year. I really don't think it was part of their plan to tease that announcement so soon but the stock erosion caused them to throw out a lifeline. My guess was they were going to try to do another price hike and then offer that as an alternative and a means to pick up more subscribers. I'm curious what their ad-supported rate would be. I said two price hikes ago that if they raised their rates again, I'd be out of there but I'm still paying and hardly ever watching. One good thing is that this should prevent all the other streamers from raising their price anytime soon.
I got my ticket to see Top Gun Maverick. I remember hearing about some things about the production, like I'm sure 4 years ago. I can't even remember what I heard to now look for in the film. I do belong to the AMC A-List subscription service. On the one hand, I often feel like I'm not getting my money's worth if I don't see 2 films a week but they don't anywhere near enough indie or foreign films. I thought I'd have it and see films, just cuz, but there have been so many that I would rather not venture out and see, not even being on the fence about seeing. But if they keep jacking the price up of a regular ticket, your $24 prepaid monthly expense doesn't look so bad. Here's a screenshot of my Imax purchase for this weekend.
$25.49 for one ticket is insane right? Like, no other word. I'm pretty sure that's like a $2 increase from earlier this year. Price hikes generally come right before the summer but this seems steeper than normal. I went to a film last evening and took a glance at concession prices on my way by, $8.79 for a medium popcorn and $9.79 for a large. I'm gonna have to see when I go to movie this w/e cuz I think that AMC I went to generally has cheaper prices than some others.
I was really bummed that a theater not too far from me had to close. They did play 50/50 major studio releases to smaller films. Saw a lot of screenings there with Q&As afterwards. They had a nice lounge that was a great place to network & smooze after a film. A few times over the years I'd meet friends for a drink and catch a bit of game before or after a film. Yeah, a tad pricey but fairly convenient. It was part of a mall that most of the place had shutdown well before the pandemic. They were talking about it being remodeled and I can't remember what stores coming in to anchor the place. Now I don't think that's happening. I'm pretty sure Westfield, one of the larger mall proprietors was getting out of the mall business. At one time they were going to make a lot of them mixed use space but I think those plans are of no more. No surprise that office and commercial leases are really expensive out here. What gets me is how many places are vacant but no one will drop the lease price to get steady tenants in.
They did announce new, cheaper, ad-supported service I think coming next year. I really don't think it was part of their plan to tease that announcement so soon but the stock erosion caused them to throw out a lifeline. My guess was they were going to try to do another price hike and then offer that as an alternative and a means to pick up more subscribers. I'm curious what their ad-supported rate would be. I said two price hikes ago that if they raised their rates again, I'd be out of there but I'm still paying and hardly ever watching. One good thing is that this should prevent all the other streamers from raising their price anytime soon.
I got my ticket to see Top Gun Maverick. I remember hearing about some things about the production, like I'm sure 4 years ago. I can't even remember what I heard to now look for in the film. I do belong to the AMC A-List subscription service. On the one hand, I often feel like I'm not getting my money's worth if I don't see 2 films a week but they don't anywhere near enough indie or foreign films. I thought I'd have it and see films, just cuz, but there have been so many that I would rather not venture out and see, not even being on the fence about seeing. But if they keep jacking the price up of a regular ticket, your $24 prepaid monthly expense doesn't look so bad. Here's a screenshot of my Imax purchase for this weekend.
$25.49 for one ticket is insane right? Like, no other word. I'm pretty sure that's like a $2 increase from earlier this year. Price hikes generally come right before the summer but this seems steeper than normal. I went to a film last evening and took a glance at concession prices on my way by, $8.79 for a medium popcorn and $9.79 for a large. I'm gonna have to see when I go to movie this w/e cuz I think that AMC I went to generally has cheaper prices than some others.
I was really bummed that a theater not too far from me had to close. They did play 50/50 major studio releases to smaller films. Saw a lot of screenings there with Q&As afterwards. They had a nice lounge that was a great place to network & smooze after a film. A few times over the years I'd meet friends for a drink and catch a bit of game before or after a film. Yeah, a tad pricey but fairly convenient. It was part of a mall that most of the place had shutdown well before the pandemic. They were talking about it being remodeled and I can't remember what stores coming in to anchor the place. Now I don't think that's happening. I'm pretty sure Westfield, one of the larger mall proprietors was getting out of the mall business. At one time they were going to make a lot of them mixed use space but I think those plans are of no more. No surprise that office and commercial leases are really expensive out here. What gets me is how many places are vacant but no one will drop the lease price to get steady tenants in.