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NEW YORK: Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally
NEW YORK: Netflix Inc said on Wednesday it lost US streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
LAS VEGAS: As movie theatre owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.
Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another US$2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition.
LOS ANGELES: Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by US$1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers.
SAN FRANCISCO: Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television.
SAN FRANCISCO: Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc, Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering
LOS ANGELES: Netflix Inc added over 50% more subscribers than expected in the third quarter as original shows such as “Stranger Things” drew new international viewers and kept US customers despite a price hike, sending its shares soaring 20% in late trade.
SAN FRANCISCO: Netflix Inc said on Thursday securities regulators warned they might bring civil action against the company and its chief executive for violating public disclosure rules with a Facebook post, in a case that raises questions about how public companies communicate on social media.