kpix-7-2013-masthead kcbs 7-2013-masthead

Tech Report: Is Netflix Still A Good Option For Streaming?

View Comments
Netflix envelopes (Photo by Justin Sullivan/Getty Images)

Netflix envelopes (Photo by Justin Sullivan/Getty Images)

SAN FRANCISCO (KCBS) – Despite a poor quarterly earnings report last week in which Netflix admitted losing 800,000 customers since announcing a price increase in June, the company is still a very viable option to stream movies and TV shows.

KCBS Technology Analyst Larry Magid said it is still a very good deal, despite the increased cost.

“I’m still spending my $7.99 on Netflix because between old movies and TV shows, many of which I missed when they were in regular production, I still think I’m getting my $8 worth,” Magid said. “I understand why people are angry. I think it was incredibly boneheaded of them to do what amounted to a 60 percent increase if you want both streaming and DVD. But a lot of people don’t need DVD’s.”

KCBS Technology Analyst Larry Magid:

Magid said the streaming service is very useful because it allows subscribers to not worry about returning movies when they expire after being rented.

“I like the model. I wish they had more videos, TV and movies,” he said. “But the good news is that they just announced a deal with Disney.”

Magid said that Amazon is also coming on stronger as a competitor in the industry.

You can hear Larry Magid’s Tech Report Monday through Friday at 3:50pm on KCBS All News 740AM and 106.9FM.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 53,845 other followers