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Netflix Hit By Slowing Growth And HBO Rival News

The video streaming company Netflix suffered a double whammy yesterday, reporting slower-than-expected subscriber growth shortly after learning that HBO, the premium network responsible for "Game of Thrones" and "Girls," will launch a rival online service. Netflix shares, which barely moved during official trading hours but dropped 27 percent after the company reported that subscriber growth in the third quarter -- at three million -- was 690,000 short of its own expectations and slashed its forecast for the fourth quarter.

Read the whole story at The Times »

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