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Netflix had a rough quarter, and the growth of the company has slowed down considerably.
The Hollywood Reporter reported the following late Wednesday afternoon:
Netflix - Memberships - April - June - Half
Netflix’s paid memberships grew by 2.7 million from April to June, less than half of the 5.5 million it added during the same period last year. In fact, it lost around 130,000 subscribers in the U.S., where it has more market penetration. The company, which now has just over 151 million total paid members, had projected additions of 5 million during the period and Wall Street, per FactSet, was expecting 5.1 million new subscribers.
Well, I guess this is what happens when you take away people’s favorite shows. When they lost “It’s Always Sunny,” people complained, but nothing really happened.
Office - Anybody - Netflix
Now, they’re taking away “The Office,” and it’s all anybody really seems to want to talk about when discussing Netflix.
The fact they’re down across the board, and really down in America isn’t a great sign at all. They still have a ton of subscribers, but you never want to see...
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