Netflix reports first drop in subscriptions

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24th Jul 07, 03:16 AM

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Netflix reports first drop in subscriptions

*Source: Reuters (http://www.reuters.com/article/ousiv...505820070724)*
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LOS ANGELES (Reuters) - Netflix Inc., the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster Inc.

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