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Netflix News Pop: Netflix Shares Slip as Subscriber Numbers Lag Investor Dreams

Wochit 0:47 mins

Netflix Inc stock is set to open around 4 percent lower after the online entertainment company reported less-than-expected quarterly subscriber growth, undermining investor hopes for a dream run from its own programs. Netflix's second-quarter earnings more than quadrupled as the revival of the comedy series "Arrested Development" attracted more subscribers. The Writers Guild of America is opening up its rules for awards eligibility so that shows produced for new media, such as Netflix?s offerings, can be considered for the 2014 Writers Guild Awards.

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