Netflix shares tanked in late trading on investor angst over quarterly results showing a 1.16 million boost in domestic users, on the low end of a range put out by founder and CEO Reed Hastings.
It turns out Netflix may not have been paranoid after all about the threat posed by the Olympics to its streaming business.
Comcast is announcing a new subscription VOD service that is aimed squarely at countering Netflix but requires already paying for cable.
More “Netflix Earnings” on Variety.com
2016-2017 Oscar Predictions
- Oscars: With Historic ‘Moonlight’ Win, the Academy Embraces Empathy Over Escapism
- Oscar-Winner Casey Affleck Calls Denzel Washington ‘One of the First People Who Taught Me How to Act’
- Epic Oscars Mistake: Faye Dunaway, Warren Beatty Announce Wrong Best Picture Winner
- ‘La La Land’ Makes Damien Chazelle Youngest Best Director Winner in Oscars History