Netflix tops 50M subscribers as 2Q earnings soar

[Omaha Steve]

Source: AP-Excite

By MICHAEL LIEDTKE

SAN FRANCISCO (AP) — Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time.

The gains announced Monday include an additional 570,000 U.S. subscribers, slightly more than Netflix's management predicted. The quarter is typically the company's slowest of the year, as people spend more time outdoors instead of watching video.

Investors applauded the second-quarter results, pushing Netflix's stock up $4.05 to $456 in extended trading. The shares have surged by 23 percent this year, while the Standard & Poor's 500 index has increased 7 percent.

The second quarter featured one of Netflix's marquee attractions, "Orange Is The New Black," which returned for its second season in early June. As with Netflix's other original series, all 13 episodes of "Orange Is The New Black," were released simultaneously so subscribers could watch the story unfold at their leisure.

FULL story at link.



FILE - This image released by Netflix shows Taylor Schilling, left, and Uzo Aduba in a scene from "Orange Is the New Black." Netflix reports quarterly earnings on Monday, July 21, 2014. (AP Photo/Netflix, Paul Schiraldi, File)


Read more: http://apnews.excite.com/article/20140721/us-earns-netflix-5f8647e5a3.html

[C Moon]

1. We're still signed up with the DVD via mail subscription...

we were signed up for the online viewing, but it had such a limited amount of movies, that we found it useless.
I hope they improve on the movies available via the online subscription, because we don't always want to watch old tv shows.

[ErikJ]

2. MSNBC's "Locked Up" with a plot.

NBC probably kicking themselves for not thinking of it.