Netflix today is under fire from many different directions. Some seem to think that what Netflix is doing is unsustainable; therefore it is only time before Netflix (NTFL) stock takes a turn for the worst. Disney and Starz by Sony feel they are not being given enough credit for their part of the low premium rate for the streaming movies. The National Association for the Deaf in the United States has of today filed a sued against Netflix for not streaming enough movies with subtitles.
Meanwhile, on this Father’s Day Netflix has been down since around 5:22pm. Above and beyond all of its other failures with its contributors and failing to put subtitles in for the deaf, it just ruined my late night Father’s Day plans even if the Father is already fast asleep. I am, however wide awake with Netflix still failing to stream a movie. I do understand that I am only one unhappy customer but since I am a blogging unhappy customer I thought to look into what exactly was happening with Netflix. It seems Netflix is having quite a few problems.
Rocco Pendola wrote an article entitled, “Is It Finally the End of the Road for Netflix”? Pendola stated that in a blog surrounding Netflix the VP Pauline Fischer stated that Sony movies (SNE) and Starz (Liberty Media: LSTZA) would not be available for streaming due to, “a temporary contract issue with Sony and Starz.” Still another contributor to Netflix has come to the table with complaints stating it is not receiving enough monetary supplements for the movie rights the company owns and Netflix has open for streaming. Disney believes they would do better money wise if they sold their movies in a ninety-nine cent store supposedly someone let slip. It seems there are many of Netflix contributors that are unhappy with the amount they are making through their monetary agreements on Netflix.
The other hit they took today is one that concerns public opinion concerning their inability to stream as many movies as they have promised with subtitles for the deaf. At the moment, only two countries are involved in the law suit that was filed today against Netflix. Nad Stated,
“We have tried for years attempted to persuade Netflix to do the right thing and provide equal access to all content across all platforms. They chose not to serve our community on an equal basis; we must have equal access to the biggest provider of streamed entertainment. As Netflix itself acknowledges, streamed video is the future and we must not be left out."Nad has a point, but the law suit might amount to nothing if Netflix bottoms out like some stock market predictors are pointing to. Netflix if they remain in business should be required to put subtitles in their movies so the deaf may enjoy this service too. But, first we have to wait and see if, when, and in what condition Netflix will return to the general public.