While this rights the ship, Netflix made the colossal mistake of rocking the recurring-billing boat. Smart businesses know that when you've got a customer setup for recurring monthly billing, there's a certain percentage of these customers who will continue to pay even though they're not actively using the service. Part of it is laziness of figuring out how to cancel. Another part is the thought that they may someday…
wow, when netflix first came out with the decision I thought it was a brilliant plan for a future business school case study of gross mismanagement of a formerly successful company.
Raising rates by 60% in a poor economy and making it hard for your customers to manage their movies? (not to mention throwing away brand equity of netflix in exchange for qwikster?) i wonder if the ceo has been on crack.