Nick's Journal
2006-02-12 23:07:52 (UTC)

The SEC & Netflix

being a finance major i've had the pleasure of having people
from the SEC come to speak to my class when i was in
undergrad. i distinctly remember a couple of people coming
to my university to speak of the sarbanes-oxley act. if you
don't know what it is then just go to my fav site ever!
(wikipedia, i must spend about 2 hours a day there, which is
why all of my journals sound like they were written by a
sensational jack-ass).
anyhow, i also distinctly remember that these people from
the SEC would use hyperboles like crazy. like how there was
a "war on workers" or "a battle in the trenches of security
reform". as if their job basically involved holding
blood-thirsty orcs at bay.
well as you may (or may not) know we are quite on the verge
of a housing bubble. if you don't know what that's all
about then just go to one of my prior journal entries about
how midgets are destroying the real estate market. the SEC
guys wanted to talk to my boss about the implications
regulatory statutes have on the value of retirement housing
community (yes, i know it's a fucking snore-fest). but not
to these SEC guys!
i sat in on the conference call with my boss and i counted
the word "blood" to have been used no less than 37 times.
snippets of the conversation where,
"when this bubble bursts it's going to be a blood-bath"
"there are fixed asset portfolios that will be hemaerogghing
blood, when all of this is over"
"once this housing market goes down the tubes, investors
will be out for blood"
etc, etc.
it was actually pretty funny listening to them talk as you
could just tell that they were doing everything possible to
make it sound like their job was meaningful.
which brings me to netflix.
i read some articles on how apparently they are into this
business strategy called "throttling"; which amounts to them
butt-fucking their best customers. i guess that the real
problem lies in the definition. netflix's best customers
are the ones that use it the least. which (as is true for
any fixed-rate service) is just a matter of contrarian
strategy. netflix benefits if you get no more than maybe
4-6 dvds a month. if you're some asshole who gets about 12
dvds a month they're losing money.
juliann and i watch somewhere in the vicinity of about 8
movies a month. about 2 a week (at best). we have the
option where you get 2 movies at a time. i was reading
about some guys who get 3 dvds out at a time and they were
bitching like hell. fair enough. i think that their
throttling strategy is pretty shitty, and at least (finally)
they re-wrote their terms of use.
however, if you're some loser who actually is watching 12
dvds a month then i don't have too much sympathy for you. i
would say that netflix is doing your ass a favor.
get the fuck outside and do something else!
i am very much against netflix's strategy in principle as i
think it is horrendously malicious to offer "unlimited
rentals" (they may have changed that by now) while actually
trying to do everything in your power to subvert that. on
it's face, that is fucking advertising blasphemy.
underneath it all. fuck the motherfuckers who actually need
12-15 dvds a month to have fun. i mean juli and i run on 8
a month and i think that's pretty steep (granted a good
portion are nature documentaries and no-good liberal
propoganda movies).
but still.
i think netflix should change it's motto to.

unlimited* rentals!!!

* terms subject to change, for example:
if 'unlimited' means more than 15 dvds a month we will come
to your place and beat you with a rubber hose until you go
join a social organization.