18-07-2016 23:18 via uk.news.yahoo.com

Netflix growth weaker than expected, shares drop

Netflix Inc said it added fewer video streaming subscribers than expected from April through June as customers canceled the service ahead of a price increase, and the company's shares fell 16 percent. The dominant subscription video service on Monday also forecast slower-than-expected growth in U.S. and international subscribers this quarter. Netflix, which distributes popular original shows such as "Orange is the New Black" and "House of Cards" along with movies and TV shows from major Hollywoo
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