It was a rough weak for the streaming service and as always, the “geniuses” known as the Investor Caste of Wall Street responded by ditching the stock, its value dropped by 15 percent. Remember, if these jackasses were doctors, they’d diagnose a tourniquet on your upper arm whenever you get a paper cut on your finger.
The Executive Caste running Netflix didn’t help. Their selloff was revealed in other stories regarding the decline. My personal guess is that the company has a bunch of seagulls running things and they’re only sticking around to cash out overpriced stock.
Personally, I welcomed to the shift. Sometimes we dragged our asses with the DVDs. Streaming is more efficient and the selection has improved in the last couple years. Even if we kept both, it was still cheaper than commercial-laden, Fox-polluted cable.
Now the bean-counters flushing most entertainment industries down the toilet with their short-sightedness have decided Netflix could become another Amazon or iTunes telling them what to do; plus people are abandoning cable in significant numbers. Ergo they’re starting to pull content and/or asking for more than it’s actually worth. A couple people at the D&D game whined over this. I say, let’s wait and see. Sure those conglomerates may try to make their own solution like Hulu (still have to pay to watch ads!) but infrastructure costs could get them to reconsider. Here’s some food for thought. Wal-Mart tried to take a piece of Apple’s music action with its own online store. It closed last month despite being cheaper. My point is that the content or options may not matter if the so-called competition (really multiple walled gardens) are onerous to use. After these corporations lose the budgets of small European nations, they will probably come crawling back to Netflix or its successor, remember MySpace was first and it lost the social network war.
Again, I’m not too worried. As long as it remains commercial free and has enough selection to keep me amused, the PS3 won’t get much gaming usage. Many complainers who canned their subs will come crawling back due to the alternatives proving how much worse they really are. Should Netflix go through the roof like Dish and its ilk did, we at least have a nice collection of DVDs to go through.