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Netflix demonstrates its resilience during prolonged Hollywood strikes

LOS ANGELES (Reuters) -Streaming pioneer Netflix showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood's writers and actors, sending its shares up 13.5% in premarket trading on Thursday. Netflix capitalized on its heft in global production, as well as the economic hardships of its media rivals, to amass 247 million subscribers in the third quarter, a gain of nearly 9 million over the last three months. "The management deserv...
United States Ross Benes Lisa Richwine Sophie Lund Yates Hargreaves Lansdown Los Angeles
Source: yahoo.com

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