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Randy Harmelink
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To tell the truth, I think Hastings' decisions were just the straw that broke the camel's back. It's stock price was an unrealistic one -- a bubble just waiting to be popped. IMO, NetFlix has an unsustainable business model in streaming. For example, a new release on Amazon would cost you $3.99 or so to stream, with about $3 of that cost going to the content provider. How can NetFlix possibly compensate content providers for premium content when they are only charging their customers $7.99 a month?
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Nov 22, 2009