19-07-2016 11:07 via indianexpress.com

Netflix faces tougher times as US subscriber growth slows

CEO Reed Hastings blamed the disappointing performance on cancellations by subscribers facing price increases of as much as $2 per month, following the expiration of a two-year rate freeze.
After years of spectacular success, Netflix is starting to hit some potholes. The high-flying internet video service added only 160,000 US subscribers from April through June, its lowest gain in the period since splitting up its video-streaming and DVD-by-mail services five years ago.
In addition to the US s
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