Netflix Lost Starz But Still Forcing Me To Pay The Higher Rate

Netflix stock took a beating in the aftermarket activities as Starz walked away from Netlfix and will no longer be offering its contents come Feb 28, 2012.  Despite losing content, Netflix will hold onto to the rate hike it imposed on me.

I can't say that I have a whole lot to complain about.  There are plenty of stuff that I can watch still through Netflix.  It'll give me to go through them.  Still, like anyone else, you hate having something taken away from you.

Netflix CEO, Reed Hastings, promised more content agreements are on the way. Right now, Starz content account for 8% of streaming offerings.  By the time Starz is no longer available, it would have accounted for 6% of viewing contents.

So, bottom line: big hike and we lose 6% of our streaming catalog all so we can fund Netflix's overseas market.

Source:  Business Insider.

Comments

Popular posts from this blog

Economic Relief Tip (sort of): Codeweavers Free Software Tomorrow Only

With Cellular Apple Watch, It’s Okay To Leave the Phone At Home

College Students: Laptop Purchased with 529 Plan