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TheBolt

The official blog of Abt Electronics & Appliances

Posts Tagged ‘streaming movies’

Netflix Loses Customers Exponentially

Monday, September 19th, 2011

Awhile back I wrote about the monthly changes and fees netflix had in store for its current, and future customers.  Some looked at it as a good thing, but most saw it as a horrible, penny squeezing plan.  Looks like the majority did not like the changes one bit.  The customer backlash against the higher rates, kicking in this month, has been much harsher than Netflix anticipated. That prompted management to predict Thursday that the company —the largest U.S. video subscription service— will end September with 600,000 fewer U.S. customers than it had in June.

I still kept my streaming-only account as of now, but I am continually disappointed in the seemingly dwindling selection of watchable movies.  What are your thoughts to the changes?

25% of Movies Streamed into Homes

Monday, March 28th, 2011

CEPro.com this week ran an article that stated 61% of all streamed movies come from NetFlix.com.  As a whole, 25% of movies watched in a home is now done through some form of streaming media.  Technology is slowly outgrowing what was once an experience of wandering down the aisles of a video store and has morphed  into a cold, calculated few clicks o fa  remote.

It’s a shock, of how quickly streaming movies have caught on.  I was a bit disheartened this weekend when I found out the video store I once worked at before I came to Abt (and was a customer even longer before that) is now closing up shop.  When I worked there I was told by the managers that,  ”if you can’t find what you are looking for here, you won’t find it anywhere”.  Boasting the largest inventory, no one in a 15 mile radius had, it made that store a key player in that chain’s dominance.

Since then, years have passed and I moved on from there, no longer an employee I would still continue my role as a customer.  As time went on, I would see the inventory of that store slowly but surely shrink.  The store’s own property was sliced due to an inflated lease at the strip mall and the woman’s clothing store next to it took over about 1/3 of the video store’s once large real estate.

While clicking and choosing a movie on your computer or TV is definitely convenient, it lacks having that unique experience of roaming the aisles of a video store, staring at hundreds of movie cover boxes, choosing one that you hope to be worth the inflated rental fee, all the while picking out that sweet or salty snack to perfect the evening.  Only time will tell how we will watch our new and favorite movies.  Until then people will slowly continue to experience at-home streaming cinema.  So,  fill up your movie queue and enjoy the show.