Saturday, January 23, 2016
Netflix Posts $8 Million Q4 Profit
Netflix Jan. 23 posted fourth-quarter (ended Dec. 31) net income of $8 million, down 77% from net income of $35 million during the previous-year period.
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CEO Hastings: Hulu, Amazon, Redbox No SVOD Substitute to Netflix
In the burgeoning battle for supremacy in the subscription video-on-demand market, pioneer Netflix wasted little outlining in a Jan. 23 letter to shareholders how far ahead of the competition it is.
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