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Tuesday, October 22, 2013

Netflix Reaches New Heights With 40 Million Subscribers

Promotional image from the new Netflix series "Orange Is The New Black." (Netflix)

Promotional image from the new Netflix series “Orange Is The New Black.” (Netflix)

Netflix is riding on the success of streaming original television programs, such as “Orange is the New Black” and “House of Cards.”

The company now has 40 million worldwide subscribers, and its stock has tripled this year. Netflix reported revenue of $1.11 billion in the third quarter.

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