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Netflix crosses $100 billion market capitalization as subscribers surge
Source: Reuters

Netflix crosses $100 billion market capitalization as subscribers surge

Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a market capitalization of more than $100 billion for the first time. Shares jumped 9 percent to over $248 in after-hours tr...


'Three Billboards' biggest winner at female-flavored SAG awards

Dark comedy Three Billboards Outside Ebbing, Missouri won three prizes at the Screen Actors Guild (SAG) awards on Sunday in a ceremony marked by women and their stories amid the sexual misconduct scandal that has swept Hollywood. The Fox Searchlight film about a furious woman seeking justice for the murder of her daughter was named best ensemble, the top SAG honor. Frances McDormand won best...


Letterman lands Obama as first guest on new Netflix show

Veteran former U.S. talk show host David Letterman will return to television on Jan. 12 in a new Netflix show where his first guest will be former U.S. President Barack Obama, Netflix Inc (NFLX.O) said on Friday. The companys shares rose as much as 2 percent to a record of $209.72. Called My Next Guest Needs No Introduction with David Letterman, the six-episode series will also feature inter...


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