Netflix had a horrible Q2 in which the company lost 850,000 subscribers after 60% price increases in subscription costs and the division of its DVDs-by-mail and streaming services. While the company managed to attract 500,000 new subscribers to its online stream service those numbers still led to a 91% decline in revenue. In a letter [...]
Netflix Profits Crash By 91% As HBO Streaming Rumor Gets Squashed is a post from: The Inquisitr