FIRST AIRED: July 18, 2019

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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
some binge watchers didn't want to pay extra to stay on Netflix after the streaming video company jacked up prices in may as a result Netflix Wednesday reported that it lost a hundred thirty thousand customers in the US in the second quarter that wasn't all that bad news internationally added two point eight million new subscribers missing wall street's target a four point eight million that pushed shares down about thirteen percent in after hours trading Reuters reporter Lisa rich wine this is a tough quarter for Netflix Wall Street is used to them adding subscribers growing like crazy every quarter the town's going forward is there's a lot of competition coming Disney plus is coming to the market a streaming service with a ton of great brands and content behind it a bunch of other companies have things coming later this year or next year or so that competition hasn't even hit yet and Netflix has shown a blip in their fast paced growth and that competition is already clawing away rights to popular shows like friends and the office from Netflix but Netflix said it expects to sign up seven million new users in the third quarter with several top shows like stranger things and orange is the new black launching new seasons