Netflix says losing catalogue products like hit sitcom Friends will free its budget for original content. – EPA pic, July 18, 2019.
NETFLIX shares plunged in after-hours trade yesterday after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader. Netflix said it added 2.7 million new subscribers worldwide in the April-June period, well below expectations, as the sector prepared for offerings from rival groups, including Walt Disney, Apple and others.
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