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Verizon Considering Purchase of Netflix

Soulskill posted more than 2 years ago | from the shark-going-after-the-wounded-fish dept.

Businesses 139

schwit1 writes "Shares of Netflix soared more than 6% Monday on a report that Verizon Communications is considering buying the troubled movie renter. Verizon is reportedly evaluating whether a purchase of Netflix could provide an entry into the video delivery business, DealReporter said, citing a source close to the matter. The news comes as Netflix continues to struggle from a series of missteps earlier this year when it raised subscription prices and separated its DVD-by-mail service and streaming. Netflix's stock price plunged to a new 52-week low two weeks ago when the company warned it would fall to a loss in 2012 if it failed to boost its bruised customer base."

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Can you screw me now? (5, Insightful)

Anonymous Coward | more than 2 years ago | (#38348772)

Wowsers, if you thought Netflix was nickel-and-diming you, wait til Verizon gets hold of them. Probably cost you a quarter every time you use fast forward.

Verizon: we keep on working you like a whore. (2)

sethstorm (512897) | more than 2 years ago | (#38348840)

You forgot one of their old slogans that still applies to Verizon, and would apply to Netflix.

Re:Can you screw me now? (3, Insightful)

Anonymous Coward | more than 2 years ago | (#38349126)

Good! After all the whining of a measly $2/month increase in price brought on Netflix by the movie studios, I'd say the spoiled brats that make up TEH BLAGOSPHERE needed a cold, hard lesson in "shut your fucking trap and learn to appreciate what you've got or someone might make it worse"! If it weren't for their incessant, self-centered whining*, Netflix wouldn't have lost quite so many customers and money and would've still looked too expensive for Verizon to absorb! So, congrats on digging too deep, guys! All hail Verizon! :-D

*: You may point out that, by definition, whining is already inherently self-centered. To that I say, well, touche.

Re:Can you screw me now? (1, Offtopic)

Synerg1y (2169962) | more than 2 years ago | (#38349248)

Damn, I'm torn between calling you a dumbfag or a prophet :P

Re:Can you screw me now? (-1)

Bucky24 (1943328) | more than 2 years ago | (#38349488)

pro-fag? Or a dumb-het I guess.

Re:Can you screw me now? (-1)

Anonymous Coward | more than 2 years ago | (#38349784)

Prices raised 50%, dumbass

Re:Can you screw me now? (0)

jayhawk88 (160512) | more than 2 years ago | (#38350128)

Seriously Slashdot, implement a +6 for this. Comment of the year.

Re:Can you screw me now? (0)

Anonymous Coward | more than 2 years ago | (#38350792)

Yes because corporations are our masters and we should be grateful for whatever they give us. Customers voted. Capitalism at work.

Re:Can you screw me now? (5, Insightful)

Luke727 (547923) | more than 2 years ago | (#38350336)

I already had a relatively expensive plan so it was only a few bucks for me, but some people's plans almost doubled in price. Granted $7 or $8 is not that much in the scheme of things, but if my price doubled overnight without bringing any improvements in the service then I might also be pissed. I understand it was out of Netflix's control, but the condescending (lack of) explanation was a huge misstep. They should have just been forthcoming and honest about it and a lot of this rage could have been avoided.

Re:Can you screw me now? (4, Insightful)

wisnoskij (1206448) | more than 2 years ago | (#38350774)

Would +1 if I had mod points.
That is the whole point, it was never that expensive, but it almost doubled in price (and was a whole lot more then $2 mentioned).
And to make matters worse the company was like. "We are sure that our customers absolutely love how their bill will be double next month while getting the exact same service. What an amazing thing we are doing for our customers."

Re:Can you screw me now? (1)

Ihmhi (1206036) | more than 2 years ago | (#38352702)

Netflix had a chance to win here. They could have just been honest outright and said "Last year we paid $50,000,000 for this content. Now we're being asked to pay $300,000,000[1] for it. We unfortunately have to raise our fees in order to keep bringing you the same excellent service that we always have been."

[1] Numbers from the department of pulling figures out of my ass

Re:Can you screw me now? (2)

JWW (79176) | more than 2 years ago | (#38351550)

Shit, if Version buys Netflix, I'd expect the most basic plan they offer will be at least $40/month and would probably have way less content than Netflix has now (newer movies will be premium service).

I just have to say the following

Nooooooooooooooooooooooooooooooooooooooooooooooo!!!!!

They did it to themselves. (5, Interesting)

pavon (30274) | more than 2 years ago | (#38350604)

The fact of the matter is that the majority of people on the old Netflix plan only used the streaming service or the DVD plan because it came free with the one they wanted. They never had any interest in paying for the other service, so when Netflix decided to start charging for it, they naturally dropped the one they didn't use.

There was a smaller group that liked both, and decided that even with a 60% price increase, that it was worth it.

There was an even smaller group that liked both, but were frustrated with the streaming selection, annoyed at the screwed up website. They were already looking at other options, but nothing came close to the combined value of DVDs and streaming. When the price increase came, this changed and other options started looking more competitive so they left. But again this was a very small group.

I wouldn't call people who don't want to pay for a service they hardly use spoiled. I wouldn't call people who can find a better deal spoiled. I call it obvious, and if Netflix had done any customer research they would have as well.

Re:They did it to themselves. (0)

JWW (79176) | more than 2 years ago | (#38351570)

When their actions cause Netflix's stock to nosedive such that it makes them a takeover target for Verizon, I'm damn sure going to call them spoiled.

Their bitching over the price increase is going to lead to all of us who stuck with Netflix getting screwed big time by Verizon.

Re:They did it to themselves. (2)

Confusador (1783468) | more than 2 years ago | (#38351782)

Wait, you're upset because a bunch of people who were upset with the service they were getting refused to stay with the service and thereby subsidize your use of it, and YOU are calling THEM spoiled?

Re:Can you screw me now? (2)

zippthorne (748122) | more than 2 years ago | (#38350614)

You realize that this would punish those of us who stayed....

Re:Can you screw me now? (0)

Anonymous Coward | more than 2 years ago | (#38350730)

"shut your fucking trap and learn to appreciate what you've got or someone might make it worse"

The real lesson is don't fuck with your customers or you will go out of business. It doesn't matter who owns Netflix if they don't offer a good value then they aren't worth it. Everyone says vote with your dollars. Well people did. I subscribe to Netflix and would have dealt with a 25% increase in pricing. I only use streaming so I don't care if it's separate from DVD by mail or not. If Netflix goes under because they can't keep their customers happy that's capitalism at work isn't it? If everyone everywhere always learned to 'appreciate what you've got' The world would be even shittier than it is now.

Re:Can you screw me now? (0)

timeOday (582209) | more than 2 years ago | (#38351108)

Wrong! It's only those of us prepared to vote with their wallets who cap the price. Whoever owns one company or another is immaterial. Without us, they would find the ceiling of what YOU are willing to pay, which is apparently higher. (How much?) As for netflix disappearing, who cares? As they proved recently (by simply passing along a rate hike from the content owners), netflix is just a middleman with no real influence on anything.

Re:Can you screw me now? (2)

RMingin (985478) | more than 2 years ago | (#38352130)

It was only a 2$/month price change in Netflix's best case. In my case, 3 discs at once, 2 DVD, 1 Bluray plus streaming was 17.99$ previously, and a great deal. They revised that to 27.99$/month for me, and I responded by cancelling.

This single example is the problem Netflix had, in microcosm. Sticker shock. Was it still a good deal at 28$/month? Probably. Could I have adjusted my plan down to, say, single Bluray and streaming to get my old price point back? Looks like. Did I? No.

Why not? Because the difference between old price and new price pushed it from a price I could pay without much thought into the range where I consider the necessity.

Re:Can you screw me now? (5, Insightful)

jamsessionjay (802511) | more than 2 years ago | (#38349210)

How is netflix nickel and diming me? It's one rate for streaming to multiple devices, then X amount more depending on how many physical discs you want to hold.

Nickle and diming is what Verizon does - X amount for Y amount of texts, or download limits, or download speeds, or service areas, or content packages, or voice minutes, and of course this is also largely dependent on which device you are using. And multiple devices? psh. Overcharges on service? That's a another horrible part right there.

That's real nickle-and-diming. There are so many gotchas I'd need a small book to describe it all. But this netflix hate I do not understand - it's simple and cheap. Is it that you want their service to be free?

Re:Can you screw me now? (2)

Hadlock (143607) | more than 2 years ago | (#38349510)

Try: $3/mo to access the GPS unit built in to your blackberry. That happened.
 
Verizon buys netflix: Charges you $0.20 every time you watch a film from the Criterion Collection, $0.40 for any movie released in the last 6 months, and $0.35 for any movie released in the last 18 months. On top of your $15/mo fee.
 
Oh and by the way, you'll need a Verizon Cable TV account to use Netflix if you're in a Verizon service area.

Re:Can you screw me now? (2, Informative)

Anonymous Coward | more than 2 years ago | (#38349800)

OP here: I never claimed Netflix was nickel and diming, though some of the squeakier wheels seem to think so. As someone only halfway through a Verizon contract, I can say with confidence that those guys are the absolute freakin worst, lading up all their phones with crapware that do what free apps do, but worse, and with monthly fees on top of it.

Re:Can you screw me now? (0)

Anonymous Coward | more than 2 years ago | (#38349392)

Damn you - they hadn't thought of that ... until NOW.

Re:Can you screw me now? (0)

Anonymous Coward | more than 2 years ago | (#38350652)

The Netflix has been terrible at communicating with it's customers, but the price increase was blown out of proportion.

The headlines:
OMG 60% Increase! Netflix Says FU to All Customers!

The reality:
Want streaming only? It's cheaper than ever.
Want to DVDs in the Mail with no streaming? It's cheaper.
Want 4 DVDs + streaming? 7% more
Want 3 DVDs + streaming? 20% more
Want 2 DVDs + streaming? 33% more

Re:Can you screw me now? (1)

LordLimecat (1103839) | more than 2 years ago | (#38352036)

At least netflix' customer support right now is good (call them, and see how long it takes to reach someone-- likely under 45 seconds); can you imagine what billing and support will turn into if Verizon gets its mitts on them?

Verizon would make it worse off. (2)

sethstorm (512897) | more than 2 years ago | (#38348796)

Instead of having flat-rate streaming movies, it's an add-on that dings you per movie.

Re:Verizon would make it worse off. (0)

Ichijo (607641) | more than 2 years ago | (#38350012)

Instead of having flat-rate streaming movies, it's an add-on that dings you per movie.

If the price were to vary by movie, then this would allow Netflix to stream more movies. This is why Amazon is able to stream certain movies that Netflix doesn't.

The "one price fits all" model just doesn't work very well in the real world.

Re:Verizon would make it worse off. (5, Insightful)

Grave (8234) | more than 2 years ago | (#38350446)

The "one price fits all" model just doesn't work very well in the real world.

It doesn't work very well in the idiotic playground of RIAA/MPAA execs. While they may presently inhabit the real, physical world, the term "real world" implies something a bit more broad, and I don't believe the "one price fits all" model has been demolished for all markets.

God no (5, Insightful)

CodeReign (2426810) | more than 2 years ago | (#38348798)

The CRTC will have a fit and use it as even more reason to keep the lecherous US company from stealing Bell's customers. Damn them netflix hooligans with their fairer prices.

Re:God no (1)

flyonthewall (584734) | more than 2 years ago | (#38349470)

Where's mod points when you need them.... This has got to be the most asinine move from competition point of view up north.

The resident incumbent would jump with joy for such an easy way to throttle this competition.

Re:God no (1)

korean.ian (1264578) | more than 2 years ago | (#38352268)

Christ I know and i just signed up for netflix streaming. Please oh ye of the noodly appendege - deliver us from verizon.

Oh God no (5, Insightful)

realmolo (574068) | more than 2 years ago | (#38348802)

If Verizon buys Netflix, we'll be paying $15/month for streaming to ONE device at a time, and the DVD delivery will be dropped entirely.There will be a limit of 15 streams a month per account, or 50GB of data, whichever comes first. Additional streams will cost $3.99 each. And you'll have to sign a 2-year contract. And if you want to stream to your PHONE, that will be another $15 a month, on top of the $15/month membership.

$5-$20 per device mirroring fee (1)

Joe_Dragon (2206452) | more than 2 years ago | (#38348832)

$5-$20 per device mirroring fee just like the fees they make you pay per cable box to rent them.

Re:Oh God no (1)

bev_tech_rob (313485) | more than 2 years ago | (#38349020)

And that will be the time I drop them (Netflix), because I pay enough now just using Verizon Wireless... Missus is leaning on me bad enough as it is to drop Netflix, but dammit, I like getting all my Star Trek!!

Re:Oh God no (0)

Anonymous Coward | more than 2 years ago | (#38349222)

I have about 15 episodes of the Original Star Trek before I've finished streaming every second of Star Trek (TNG, DS9, V, & E) over Netflix (not including the animated series because seriously, who would...) Just a little erked they removed the first 6 movies from streaming (not sure about the TNG movies). Watching the movies again in order was going to be my next goal.

Re:Oh God no (2)

wisnoskij (1206448) | more than 2 years ago | (#38350794)

If you like it that much then you should have offline versions.

Re:Oh God no (0)

Anonymous Coward | more than 2 years ago | (#38349402)

Quick somebody outside the United States start netflix, the pirate bay edition up. Also notice HBO has a streaming service, when they dropped dexter from netflix, I did not proceed to purchase the HBO streaming service, I'd imagine not a whole lot of people did.

Re:Oh God no (0)

Anonymous Coward | more than 2 years ago | (#38351036)

If Verizon buys Netflix, we'll be paying $15/month for streaming to ONE device at a time, and the DVD delivery will be dropped entirely.There will be a limit of 15 streams a month per account, or 50GB of data, whichever comes first. Additional streams will cost $3.99 each. And you'll have to sign a 2-year contract. And if you want to stream to your PHONE, that will be another $15 a month, on top of the $15/month membership.

I hate to say this but, I think you're correct. That sound exactly like something Verizon would do.

Re:Oh God no (1)

NemoinSpace (1118137) | more than 2 years ago | (#38351216)

ummm, or you could pay zero (to verizon) and move to at least 3 other competitors, roku? for one.

Re:Oh God no (5, Funny)

Anonymous Coward | more than 2 years ago | (#38351498)

Netflix subscribers, get used to bills like this:

$9.99 - Basic service
$2.55 - Federal taxes
$1.85 - Network Maintenance fee
$2.25 - Copyright owners association fee
$1.45 - Federal Streaming tax
$0.95 - Streaming content insurance
$1.35 - Verizon CEO excess compensation fee

Re:Oh God no (1)

stephanruby (542433) | more than 2 years ago | (#38351724)

They won't drop the DVD service. They'll just use the DVD service as overage. You'll start watching a streaming movie online and once you're over quota, they'll just suspend the movie midway through, send you the rest on a DVD, and bill you according to how much more data there was left to watch.

NEW! (4, Insightful)

Anonymous Coward | more than 2 years ago | (#38348806)

Streaming that only works well on verizon internet!

Please no, Verizon. (4, Insightful)

theVP (835556) | more than 2 years ago | (#38348812)

You know, it's bad enough that ISP's, Verizon definitely included, are using bandwidth caps now, which limits the attraction of a service like Netflix.

It's bad enough that Verizon charges you extra to use functions on your phone that don't have a damn thing to do with their network at all (Mobile Hotspot).

I don't think I want to know how they manage to ruin Netflix, if they were to snatch it up.

Re:Please no, Verizon. (1)

ackthpt (218170) | more than 2 years ago | (#38348878)

You know, it's bad enough that ISP's, Verizon definitely included, are using bandwidth caps now, which limits the attraction of a service like Netflix.

It's bad enough that Verizon charges you extra to use functions on your phone that don't have a damn thing to do with their network at all (Mobile Hotspot).

I don't think I want to know how they manage to ruin Netflix, if they were to snatch it up.

They'll work it like eBay/PayPal. You sell on eBay, they require you to pay through Paypal.

So Verizon (or Verizster, or whatever they'll be) sets you up with the video/movie you want to watch, then pounds you for the additional overage fee. What's not to like? (from their perspective.)

Re:Please no, Verizon. (0)

Anonymous Coward | more than 2 years ago | (#38348950)

First cripple in then buy it. Talk about predatory. But hey, thank God we have a government that is so adept at looking the other way!

Re:Please no, Verizon. (0)

Anonymous Coward | more than 2 years ago | (#38349262)

You don't think Verizon will not count their own Netflix service toward the cap? Sounds like a perfect way to sell their service! "Netflix all you want!!"

Re:Please no, Verizon. (0)

Anonymous Coward | more than 2 years ago | (#38349436)

You know, it's bad enough that ISP's, Verizon definitely included, are using bandwidth caps now, which limits the attraction of a service like Netflix.

Prove it. There is no cap or throttling with FiOS.

Re:Please no, Verizon. (1)

Ichijo (607641) | more than 2 years ago | (#38349966)

You know, it's bad enough that ISP's, Verizon definitely included, are using bandwidth caps now, which limits the attraction of a service like Netflix.

They really ought to make the caps apply only to peak usage periods, similar to cell plans with "unlimited nights and weekends." Then you could stream or download your movies during the off-peak periods to save money.

Re:Please no, Verizon. (1)

guttentag (313541) | more than 2 years ago | (#38351238)

You know, it's bad enough that ISP's, Verizon definitely included, are using bandwidth caps now, which limits the attraction of a service like Netflix.

Verizon will then be able to get you both ways. The Verizon brand will charge you a fee when you exceed their bandwidth cap, and their new Netflix brand will charge you another fee for exceeding their bandwidth cap (which will surely be introduced when Verizon takes over. I can just see the Verizon execs looking over the Netflix books and saying, "you guys aren't charging by the gigabyte? Oh, this'll be an easy fix!") . Thus, the parent company gets to double dip. It's like printing your own money, only with the government's lobbyist-purchased blessing.

Expect their website to be nothing but upsell ads (1)

schwit1 (797399) | more than 2 years ago | (#38348816)

Just like the Verizon FiOS site.

And again the content carrier becomes... (4, Insightful)

milbournosphere (1273186) | more than 2 years ago | (#38348846)

the content producer. Should this actually happen, it could in no way be good for Netflix's customers, or even the market in general. Content carriers really should be separate from the producers of said content. It provides far too many opportunities for conflicts of interest, including (but not limited to) bandwidth and price preference. This is a bad idea; the telcos have proven time and time again that they are not to be trusted.

Re:And again the content carrier becomes... (1)

Skidborg (1585365) | more than 2 years ago | (#38349062)

Netflix is not a content producer. They are just another middleman.

Re:And again the content carrier becomes... (2)

milbournosphere (1273186) | more than 2 years ago | (#38349132)

True, but my point is that they're mostly separate from the folks that actually lay the lines and provide the bandwidth. Also, Netflix recently announced that they'll be picking up production of Arrested Development, so it appears that they might looking to expand their role in content production.

Re:And again the content carrier becomes... (1)

Bucky24 (1943328) | more than 2 years ago | (#38349536)

Aren't they producing a TV show now? (pretty sure I saw a ./ article on that a few days ago)

Re:And again the content carrier becomes... (1)

Anonymous Coward | more than 2 years ago | (#38349714)

They have been involved in the production of documentaries and indie films for a while now, and have recently gotten into TV as well.

Re:And again the content carrier becomes... (1)

Rude Turnip (49495) | more than 2 years ago | (#38350884)

Netflix is going to create new episodes of Arrested Development.

Re:And again the content carrier becomes... (1)

Tim the Gecko (745081) | more than 2 years ago | (#38351604)

Aren't they producing a TV show now? (pretty sure I saw a ./ article on that a few days ago)

http://en.wikipedia.org/wiki/House_of_Cards_(U.S._TV_series) [wikipedia.org]

tl;dr version: Netflix outbid HBO and AMC. Kevin Spacey is the star. It's based on a great BBC series from 1990.

Re:And again the content carrier becomes... (1)

jdastrup (1075795) | more than 2 years ago | (#38349070)

Verizon is a movie production company?

Re:And again the content carrier becomes... (0)

Anonymous Coward | more than 2 years ago | (#38349626)

Imagine Verizon throttling netflix bandwidth or serving "a la carte" only options to non-Verizon customers...Or better yet, imagine owning the only worthwhile video streaming service around, then capping downloads to an amount equivalent to less than one movie a day.

There are a thousand ways these service providers could ramp up fees while effectively serving less product. They can extort the customers they have, and punish the competitors client base for NOT choosing them at the same time.

Re:And again the content carrier becomes... (1)

yuhong (1378501) | more than 2 years ago | (#38350920)

Hopefully the DOJ will pay attention.

Re:And again the content carrier becomes... (0)

Anonymous Coward | more than 2 years ago | (#38351954)

You must be new here.

Re:And again the content carrier becomes... (0)

Anonymous Coward | more than 2 years ago | (#38353484)

Totally agree, I currently have Verizon FiOS and the ONLY way they will let me have the highest tier of internet speed (without a business account that I can't afford) is by subscribing to their ultimate TV package. So now I have hundreds of TV channels of crap. I had to reprogram a new DVR and realized there are only six channels, a total of about ten one hour shows per week that I care enough about to bother recording. Along with that comes a digital landline that has lower quality than the analog one, doesn't work when there are power outages, requires me to dial the area code before local numbers, and has a caller ID that is wrong 50% of the time. All for the princely sum of $190 per month.

Netflix vulnerable (3, Insightful)

ackthpt (218170) | more than 2 years ago | (#38348850)

After their recent misstetp they'll likely be a bargain buy. Expect Verizon to only be interested in the technology, IP and media rights portfolio, while they ditch the people who are running the company.

Re:Netflix vulnerable (1)

guttentag (313541) | more than 2 years ago | (#38351266)

After their recent misstetp they'll likely be a bargain buy. Expect Verizon to only be interested in the technology, IP and media rights portfolio, while they ditch the people who are running the company.

I'm sure Verizon sees this as the next generation of cable companies. With Netflix being the only real player, this will put them ahead of their competitors in the cable company space (AT&T, Warner, etc.) whose on-demand services are still largely indistinguishable from on-demand 10 years ago. However, I would think that its media rights portfolio would be treated as a toxic asset... its cost is a liability that has thrown Netflix's future into question.

I quit (2)

whitelabrat (469237) | more than 2 years ago | (#38348860)

That'll definitely kill it. Verizon will force folks to subscribe to their cable service and offer it as an add-on or something horrible like that. I can't see how Verizon won't resist squeezing all the blood out of Netflix like everything else they do.

I'm going to go hug a Redbox today.

Re:I quit (2)

bev_tech_rob (313485) | more than 2 years ago | (#38349170)

Hard to subscribe to Verizon FIOS in areas where they don't offer it (like here where I live).

Re:I quit (1)

mgblst (80109) | more than 2 years ago | (#38353742)

Make sure you keep it a secret.

Already screwed... (1)

Anachragnome (1008495) | more than 2 years ago | (#38348930)

Already screwed over by Verizon in the past, dropped them as soon as my contract ran out, then swore I would never do business with them again.

I guess I will have that final "nail in the coffin" that pushes me to drop Netflix too. Ah well, it was good while it lasted (11 years).

http://en.wikipedia.org/wiki/Verizon#Controversies [wikipedia.org]

I love Netflix (5, Insightful)

killmenow (184444) | more than 2 years ago | (#38348978)

I am a long time customer. I love it. Even with the latest mis-steps, I am still a happy customer. Yes, they screwed up. But the service is still totally worth it to me.

But if Verizon buys them, I'm cancelling. I just cannot imagine any way that they wouldn't completely destroy Netflix's value proposition.

Re:I love Netflix (4, Insightful)

praxis (19962) | more than 2 years ago | (#38349088)

Not that I don't think you're right, but if you love the service and it's worth it to you then why not wait until they destroy Netflix's value proposition rather than doing it preemptively?

Re:I love Netflix (5, Insightful)

apcullen (2504324) | more than 2 years ago | (#38349252)

Because the first thing verizon would do is remove the "cancel my service" button that netflix has. You'll have to sit on hold an hour to get your service turned off or even downgraded.

Re:I love Netflix (3, Insightful)

Sponge Bath (413667) | more than 2 years ago | (#38349678)

first thing verizon would do is remove the "cancel my service" button

Please someone mod this up. Too many sleaze bag companies use the "make it painful, time consuming and difficult if not impossible to cancel" policy as a way to limit turnover instead of providing good service. That is what turned a planned temporary cancellation of DirecTV into a permanent, bitter grudge to the grave unwillingness to ever do business with them again.

When Netflix's streaming library started shrinking rapidly (including a disappearing TV series I was halfway through) about the same time as the 60% price hike, at least it was easy to cancel. That left me with enough goodwill that I would consider subscribing again if they ever manage to start growing their streaming content. That would not happen if they became just another Verizon service.

Re:I love Netflix (2)

Thing 1 (178996) | more than 2 years ago | (#38350516)

Just change your credit card number; report it as lost or stolen, your bank will do this for free. I had my identity stolen a couple years ago, and had a stupid Best Buy service contract for my phone which when I bought it they said I would get a loaner, then when I tried to use the service they said I couldn't. I kept planning to cancel it, but then when my card# was stolen and I got the replacement card, I just ignored their requests for payment, and am whole. I expect a similar thing is possible with Netflix/Verizon. Alternately, a membership to Pre-Paid Legal (now some other name, I think LegalShield) is about $27 per month depending on the state you live in, and they'll write one letter or make one phone call for any issue; a letter or phone call from an attorney generally tends to help a company cancel my accounts. :)

Re:I love Netflix (0)

Anonymous Coward | more than 2 years ago | (#38350584)

Cancel all your accounts except your LegalSheild account...

Re:I love Netflix (1)

Anonymous Coward | more than 2 years ago | (#38352012)

Cancel that one too. It's utter crap. Their crap service and crap lawyer they recommended cost me thousands and I had to find another lawyer to go back and fix what the first lawyer screwed up. The monthly fee isn't worth the possibility of needing a letter written. Nothing they provide is worth paying for it in advance. When you need legal service, find a lawyer recommended through word of mouth. It'll cost you less in the long run. Those crap lawyers that LegalShield contracts with are terrible. They don't want to spend any time on your case because you're getting a discounted rate. They just want to make it go away as fast as possible.

Re:I love Netflix (1)

halofan_sd (683327) | more than 2 years ago | (#38352048)

try that with Sirius, you automatically auto-renew, and no they won't cancel your service, they just send it to collections. only way to cancel is to call their number and wait for who knows how long.

Re:I love Netflix (1)

jonbryce (703250) | more than 2 years ago | (#38353276)

It costs something like $200 to get an attorney to write a letter. How many attorneys letters do you require per year to make your $27 per month LegalShield worthwhile?

Re:I love Netflix (1)

drewmister (1722180) | more than 2 years ago | (#38349750)

Me too. I enjoy Netflix and wish them the best. I would love to see the service continue and expand. A Verizon acquisition would be another big nail in the coffin.

Hastings Earns a generous severance package (1)

strangeattraction (1058568) | more than 2 years ago | (#38349044)

I think Reed has earned a generous severance package. People who don't perform well just don't belong at Netfix. http://www.google.com/search?gcx=c&sourceid=chrome&ie=UTF-8&q=netflix+generous+severance+package [google.com]

Re:Hastings Earns a generous severance package (4, Interesting)

EmagGeek (574360) | more than 2 years ago | (#38349214)

He's probably got a comfy warm seat on Verizon's board waiting for him. There has to be a reason he single-handedly destroyed Netflix from the inside. Nobody is stupid enough to do everything he did just out of the blue.

Re:Hastings Earns a generous severance package (1)

hedwards (940851) | more than 2 years ago | (#38349900)

Wouldn't surprise me, I have a hard time imagining how anybody could be so incompetent at running a company. I'm sure those sorts of things are said in private at meetings all the time, but to tell the customers that they should just suck it up and that they're expecting to lose customers was unbelievable.

Talk about a series of missteps... (0)

Anonymous Coward | more than 2 years ago | (#38349076)

I hung on through the price increases and the wacky Qwikster thing. If they really don't want me as a customer, selling out to Verizon would certainly solve that issue.

I had this crazy idea of opening some sort of store front where people could like pay a subscription fee or a per-movie fee and then, like, borrow a certain amount of movies at a time, and when they brought them back could get some more. Like a pay-for library but for movies. It's been my dream for a long time but I was afraid to compete against Netflix. Maybe if Verizon buys them maybe movie store could really work out...

In other words... (1)

shadowsurfr1 (746027) | more than 2 years ago | (#38349100)

...how to get a large part of netflix's subscriber base to unsubscribe. That'd be the first thing I do if this happens, to be honest. Yes, netflix has had some hiccups, but nothing too bad considering I pay $9 / month for access to their library anywhere I am. The only way this might be good is if they can get even more TV shows on there or somehow fix the media industry's holdback on getting newer TV shows online faster. Lol that'd be the day.

verizon nooooooo (0)

Anonymous Coward | more than 2 years ago | (#38349152)

that would not be good!!!!!!! i love my netflix and couldn't think of life without it. don't do it netflix, you guys can get back into the game. come on you took out blockbuster, don't give up just yet!!!!!!!!!!!!!

I will cancel if Verizon buys Netflix (4, Interesting)

DanDD (1857066) | more than 2 years ago | (#38349212)

Missteps were mildly annoying, but I never considered cancelling. I _will_ cancel if Verizon acquires Netflix.

Re:I will cancel if Verizon buys Netflix (1)

Anonymous Coward | more than 2 years ago | (#38349864)

Ditto...the very instant it's announced. That's a promise. That's a guarantee. There is not a single contingency anyone is capable of imagining where my business stays with a Verizon-owned Netflix. They might as well cancel it for me.

Re:I will cancel if Verizon buys Netflix (0)

Anonymous Coward | more than 2 years ago | (#38350968)

Missteps were mildly annoying, but I never considered cancelling. I _will_ cancel if Verizon acquires Netflix.

I'm with you on that. If Verizon takes over I'm out. The price went up twice in ten years, and people whine. Wait till Verizon takes and you have a data limit on how much you can watch, and it cost around 100 bucks a month.

tomy (0)

Anonymous Coward | more than 2 years ago | (#38349280)

I don't think I want to know how they manage to ruin Netflix, if they were to snatch it up.

www.pvpmmocu.com

i'm out (0)

Anonymous Coward | more than 2 years ago | (#38349320)

the very second this happens

And the moral of the story is ... (1)

fsckmnky (2505008) | more than 2 years ago | (#38349368)

Watching movies and videos is an expensive activity. More expensive than most realize. Start a business instead.

Take it for what it is ... just a monkey brain fart, not an attack on video watchers.

Priorities, people!! (-1)

Anonymous Coward | more than 2 years ago | (#38349380)

There is so much passion and interest over this Netflix-Verizon business. Yak, yak, yak. Get jobs, people. Better yet, go have sex. Once you experience that, you will worry less about how much money Intel is making. Trust me.

Please. I am begging you. Stop quibbling over these unimportant trifles, and go get laid. So what if Verizon buys Netflix? Who cares? Will worrying about that help get you fucked? No!

I have seen the light. I have opted for personal growth over technology. I have chosen to experience warm, moist vaginas. And, wrapped around my dick, they feel so much better than discussing the merits of carriers merging with content providers with so many basement-dwelling nerds on the Internet.

When you moderators inevitably rate me down, I will understand. I know your plight. I have been there. Know that you are already forgiven for your action. Because, deep down, you know how right I am.

You yearn for that precious moment when some woman will invite you to explore her nether regions. You pray for the night that woman will welcome you into her delicious, velvety pleasure hole. That day will come. But, first, you have to stop hanging out on Slashdot and accept that this message, and those preceding it, are the plain simple truth. It may take some time, but soon... After you emerge from your basement and discard your Dungeons and Dragons paraphernalia... After you step out into the sunlight, eat healthy food, get exercise, and nice clothes... You will lose your virginity.

I promise.

The moderator (-1)

Anonymous Coward | more than 2 years ago | (#38349612)

He is living the virgin lifestyle to the max!

Just wail 'til VZ fixes Netflix's customer service (2)

decaffeinated (70626) | more than 2 years ago | (#38349482)

Lily Tomlin [vimeo.com]

One way to slow bandwidth consumption (0)

Anonymous Coward | more than 2 years ago | (#38349564)

Well that will be one sure fire way to kill internet "over" consumption. Put it on Verizon's network. It'll be so slow, nobody will want or be able to use it.

Network saturation? Problem solved!

Netflix Streaming Selection Sucks (1)

billybob_jcv (967047) | more than 2 years ago | (#38349886)

I subscribed to Netflix specifically to get streaming, but I was very disappointed in the movies available for streaming. I know - this is probably the fault of the studios more than Netflix - but nonetheless, after only a couple of months, I had watched everything worth watching and I was really digging to find good content. Netflix has taught me that the *number* of movies is only part of the story - because Netflix has far too much worthless crap.

The technology works fine - I'm not a video/audio snob, and I was plenty happy with the quality of streaming through my Time-Warner cable to my Blu-Ray player. Now just give me the content!!! Whoever can figure out how to deliver the best content with a flat monthly fee will win. I'm not interested in any form of pay-per-view.

   

Interesting (1)

koan (80826) | more than 2 years ago | (#38350290)

So the leadership of Netflix makes some absolutely poor decisions that cause their stock to drop, the next thing that happens is Verizon wants to buy them (greater media consolidation?) and the stocks go up...

It would be fascinating to see who purchased the stock after ti dropped from their truly amateurish business decision.

http://news.slashdot.org/story/11/12/12/1432211/does-mega-media-control-90-of-content [slashdot.org]

http://allthingsd.com/20101021/who-us-netflix-says-its-customers-arent-cord-cutters/ [allthingsd.com]

All of it right before your eyes.

Please No. (1)

tycoex (1832784) | more than 2 years ago | (#38350892)

I love Netflix. It's my only source of Television now. If Verizon buys Netflix I will be totally screwed.

Not to mention I bet if they buy Netflix the mobile app will be pulled from the market and merged with their "Verizon TV" crap, so anyone not on Verizon will not be able to watch Netflix on their phone anymore.

Dear Verizon... (4, Insightful)

pla (258480) | more than 2 years ago | (#38351234)

I have stayed with Netflix through their recent screwups because they still offer exactly what I want for the price I want, and I don't particularly hate them as a company. And despite what everyone bitches about, my rate hasn't actually changed (except down!) since I originally signed up way back in their early days.

I do, however, loathe you as a company, with every fiber of my being. If you buy Netflix, I will drop my subscription before the ink dries.

So please, don't. I would prefer to keep my Netflix subscription. I will not, however, ever do business with Verizon, under any name I recognize as affiliated with them.

More antitrust mergers, gah! (2)

MobyDisk (75490) | more than 2 years ago | (#38351300)

I don't care if you like Verizon or not, we have to stop content carriers from buying content providers. Comcast+NBC, Verizon+Netflix, etc. It is bad enough that one company provides phone lines + service on those lines, now they are going to provide the whole thing?

"No Mr. Senator, VerizonFlix services will not be hindered when traveling over competing networks. Here, ask our friend Benjamin [google.com] if he sees any problems with it..."

Netflix Less Friendly Already (1)

Nom du Keyboard (633989) | more than 2 years ago | (#38351914)

On my last DVD rental return (I don't use the streaming service due to the much lower quality of the stream, no extra features, and the fact that when I did try it the streaming versions were sometimes markedly inferior in content -- one movie, for example, was missing nearly 20 minutes of what was on the rental DVD) Netflix acknowledged my return, but then didn't send out my next DVD for an entire day. When you're on the 1-at-a-time plan, that is a significant hit.
 
Their explanation? When I called in I was told that the TOS allows them to only have to send the next DVD in a 1-to-3 day window. Furthermore, the only times in the past when they didn't get my next DVD out the same day as the returned one was received (they send e-mails when they receive the returned DVD so I knew that they had it), they sent me a +1 bonus disc to make up for the loss in rental time. NO LONGER. I was told that the supervisor would not approve it and the guy in customer service actually told me that it had been A MISTAKE that this had ever been done in the past.
 
Fine, Netflix is losing money now, not my fault. Keep this up and they'll be losing even more customers who remember when their service was much better than it appears to be now.

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