<text>  Netflix is a waste of money because you wont be able to watch new shows, according to financial comparison website Finder.com.au. Michelle Hutchison, the sites money expert, claims that the booming Internet TV market is littered with traps and Netflix isnt really worth it, yet. With the recent launch of Netflix and other providers in Australia, there is a lot of hype about the value of streaming TV shows and movies over the internet, she said. But is it really worth it? Buying Netflix is a bad idea .. because you wont get some of the biggest shows like The Walking Dead and you might not have enough data to download the unlimited shows, she said. Scroll down for video . Finder.com.au is far from impressed by the Netflix offerings in Australia, claiming its not value for money . Netflix announced its pricing today for film and TV fans in Australia, would include many acclaimed shows like House of Cards but Finder.com.au says fans will have to wait for a while for other new shows and its not value for money . The entire Netflix catalogue was leaked on the internet as it revealed the streaming service costs but a financial comparison website says theres not enough new material on offer . Michelle Hutchison, money expert for Finder.com.au, has claimed the streaming service is a waste of money . Ms Hutchison also claims that: It could damage the Australian film and TV industry and you wont be able to watch it on your TV unless its hooked up to a computer or Apple TV or Google chromecast. Netflix and other internet TV providers pose a concerning threat to Australias already struggling film and TV industry, as more Australians will make the mass migration off free-to-air and pay TV and onto this new way of viewing. If fewer Aussie eyeballs are on traditional TV, the stations will struggle to compete with licencing and potentially close up shop for good. Critically-acclaimed series Orange is the New Black is part of the Netflix offering . Netflix and other internet TV providers pose a concerning threat to Australias already struggling film and TV industry, as more Australians will make the mass migration off free-to-air and pay TV and onto this new way of viewing according to Michelle Hutchison . Finder says its not all bad news, Finder said while there is no value for money for the grown-ups viewing pleasure, parents could save thousands of dollars on childrens entertainment, including DVDs and pay TV subscriptions, with the Australian launch of Netflix . This could limit the opportunities that Australias entertainers have, including other talented people in direction, production, writers and film makers. Netflix officials say their product is available on thousands of Internet connected devices, not just the ones mentioned. Were also available on smart TVs, Blu-ray and home theatre systems, games consoles, smart phones and tables. Devices many people already own. Finder.com.auinternet-tv claims to have launched the most comprehensive guide about Internet TV in Australia and since its launch on Monday weve seen almost 50,000 visits by Australians wanting to compare deals and buy Internet enabled TVs and products. Netflix like the others is a metered video streaming service so your allowed usage will be affected, Finder reports. Keep in mind that streaming in HD uses a higher bandwidth and will affect your usage at a faster rate than watching videos in standard definition will. They are fairly similar in price but what you get for that price can differ quite significantly. Besides the difference in TV shows, for the packages 10 and under, some have from 1 and up to 3 devices you can stream shows at the same time. Generally speaking, the more you pay the better picture quality and more devices you can use at the one time. Netflix says: We were the pioneers in adaptive bit rate streaming, it was created to aid markets with lesser broadband infrastructure and is one of our key features. NETFLIX . Price per month: One screen - 8.99; two screens - 11.99; four screens - 14.99 . Video resolution: One screen - standard definition; two screens - high definition; four screens - ultra definition . Exclusive content: Orange Is The New Black exclusive to SVOD in Australia, will screen on Foxtel, House Of Cards, Bloodline, Unbreakable Kimmy Schmidt, Sense8, Grace and Frankie, Marvels Daredevil, Disney films and TV shows . Free trial period: One month . Finder says: Pro 30 day trial period Con Restricted amount of new content and cheapest option only offers single streaming . STAN . Price: Three screens - 10 . Video resolution: High definition . Exclusive content: Better Call Saul, Community, Transparent, Mozart in the Jungle, Dig, Lost Girl S45, Gallipoli, Breaking Bad S1-5, Fargo, Channel Nine series . Free trial period: One month . Finder says: Pro 30 day trial period Con Less premium content . PRESTO . Price: TV shows only - 9.99; Movies only - 9.99; TV shows and movies - 14.99 . Video resolution: Standard definition . Exclusive content: Exclusive to SVOD in Australia Modern Family, The Sopranos, The Wire, Sex and the City, Entourage, True Blood, Girls, Boardwalk Empire, Dexter, The Borgias, Deadwood, Californication, Nurse Jackie, Ray Donovan, Channel Seven series . Free trial period: One month . Finder says: Pro 30 day free trial Con Not compatible with Apple TV . QUICKFLIX . Price: Three screens - 9.99 . Video resolution: High definition . Exclusive content: Game of Thrones, Walking Dead, Orange is the New Black as exclusively to own on QFX. But it does not carry all seasons as they premiere . Free trial period: Two weeks . Finder says: Pro Wide range of shows Con Premium shows are expensive . The price variations amongst the providers are indicative of a number of features that you should investigate and consider before making a choice: . In most cases, the Internet TV offerings, will eat into download quotas. You will need to contact your Internet Service Provider in order to find out which ones, she added. For example, some companies allow for unmetered viewing of catch-up TV programming like that offered by ABCs iView. With other providers that are metered you should note that a 60 minute program can potentially consume up to 300MB of data. When making the switch to Internet television you also need to consider how well your devices and the platform are able to stream videos. If your Internet connection is too slow, TV shows and movies will not stream to your device continuously. Instead, you will be left waiting while the device struggles to catch up. Some content, like HD, also requires a higher speed connection then others. Netflix has, however, structured agreements with iinet and Optus offering unmetered access. But its not all bad news, Finder said while there is no value for money for the grown-ups viewing pleasure, parents could save thousands of dollars on childrens entertainment, including DVDs and pay TV subscriptions, with the Australian launch. It has found that the cost of buying all 213 kids TV shows available on Netflix would cost an estimated 4,221.76, which equates to 469 months or 39 years worth of the basic Netflix monthly subscription of 8.99. Netflix launched in Australia on 24 March from AU8.99 a month for a basic package . Aussie actor Ben Mendelsohn pictured at the Bloodline Netflix TV Series premiere . The launch of Netflix ushers in what is arguably the biggest change to the Australian TV landscape in decades. But the online streaming services will still have to convince Australians - who are among the most prolific illegal downloaders in the world - to pay for content. This could prove difficult, with a new Canstar Blue survey finding that the majority of Australians are still not willing to pay for TV content. About one in five are willing to pay up to 20 a month for a service that provides a majority of content they would like to see. But this could change in future, with the survey also finding that 23 per cent of young Australians are already utilising online streaming services. 