Culture&Arts

Netflix is all set to hit a major milestone this weekend

Netflix is all set to hit a major milestone this weekend

For the entire second quarter, it expects to add 3.2 million subscribers overall, boosting its global total to almost 102 million.

The inclination has presented Netflix with more rivalry in the contest for home entertainment budgets.

However, user growth is a more important metric for a growth company like Netflix.

Netflix shares were trading at $149.31, up 1.4 percent, at 7:30 p.m. - after adding 3 percent, to $147.25, in regular trading.

IS group claims Champs-Elysees attack on police officers
The Thursday evening attack took place in the city's Champs-Elysees district, which is hugely popular with tourists and shoppers. The claim of responsibility came unusually swiftly for the group, which has been losing territory in Iraq and Syria.

"We don't think it will have much of an impact on us as Netflix is largely complementary to pay TV packages", the report read.

This wasn't Netflix's (NFLX) best quarter for subscriber growth, but the popular streaming service doesn't appear overly anxious.

Netflix's earnings exceeded expectations, while slower-than-expected subscriber growth was offset by a better-than-expected forecast for subscriber growth in the current quarter.

And it may only get harder for the streaming company as more competitors like Amazon and Hulu, which also have a lot of critically acclaimed shows, begin to hit their stride. Netflix guided to Q2 USA and global net additions of 600,000 and 2.6 million, respectively, both above previous expectations, driven in part by an anticipated stronger content line-up, including new seasons of House of Cards, Orange Is the New Black, and the just launched 13 Reasons Why. The firm continues to insist that Netflix will remain focused on streaming video on demand and has no interest in adding ad-supported live streaming. Combined, Netflix claims 94.36 million paid subscribers worldwide.

Russia Relations At All-Time Low
Washington warned Moscow, and Russian troops at the base were not hit. "In some ways, they are too much alike", added the expert. Ambassador to the United Nations Nikki Haley said.

"Additionally, investors ask us about Amazon's move into NFL football", Hastings wrote.

According to the company, earning per share for the first quarter was $0.40 per share, which surpassed the previous estimates of $0.37 per share. The company plans to spend more on original content this year and reduce outlays on licensed material such as movies. Netflix also endorsed its partnership to release films from Adam Sandler, saying Netflix members have collectively watched his films for more than 500 million hours.

The earnings beat was due to the change in timing of "House of Cards", which helped push costs into the second quarter, boosting operating margins from January through March and reducing them in the second quarter.

Israel Believes Syria Still Has Up to 3 Tons of Chemical Weapons
But doubts began to emerge soon afterward that not all such armaments or production facilities were declared and destroyed. On Tuesday morning a residential district in Chan Sheikhun in Idlib province was bombed and poison gas was released .


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