I don’t know anyone that was glad when Netflix announced not to long ago that it was splitting streaming and mail-order DVD into two different services. That meant that people had to pay more money and that didn’t set well with the public. The backlash was very strong.
It appears that hundreds of thousands of people spoke with their wallets and left Netflix post price increase. Netflix has updated investors with the little tidbit that it is having to change the outlook for subscribers expected in Q3.
Netflix had expected in July that it would have 22 million streaming users and 15 million DVD users. The numbers have now been cut with Netflix predicting 21.8 million streaming users and 14.2 million DVD users. That is a significant change. Netflix maintains that the increase was the right move for the future.Filed Under: Technology News