Netflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fueling a surge in revenue and profit for the streaming television giant.
Netflix's video streaming service is booming while its steadily shrinking DVD-by-mail business has turned into an afterthought.
Amazon said Wednesday it was extending its on-demand video streaming service to more than 200 countries, placing "The Grand Tour" and other shows in head-to-head global competition with "Narcos" and other Netflix hits.
Amazon's own video store will no longer have the starring role on the company's Fire TV streaming devices.
Technology shares led US stocks higher Tuesday after Netflix surged on strong subscriber growth and Google parent Alphabet hit an all-time high as its new Pixel phone garnered positive reviews.
Superhero Luke Cage can thank Netflix's engineers for coming to his rescue.
There have been a number of suggestions to explain the slowdown in Netflix's subscriber growth that resulted in its share price falling by 14.5%.
The plan by Netflix to conquer the world with its streaming video service is moving slower than expected.
Comcast is going to add Netflix to its X1 set-top boxes in the latest deal to blur the lines separating cable TV from Internet video services.
Netflix on Thursday released a new tool to help people viewing streamed television shows on mobile devices avoid costly bills for high data use.