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Netflix Q2 results better than expected
2015-07-16 08:35:00| Telecompaper Headlines
(Telecompaper) Netflix added 3.3 million new streaming subscribers in the second quarter, including 0.9 million in the US and 2.4 million elsewhere in the world. As a result, the company reached a total 42 million customers in the US and 23 million abroad, more than it forecast for the quarter. Netflix said the growth was due in part to the success of its original programming. The launch of the third season of Orange is the New Black in June set a new record for viewing time. Almost 90 percent of subscribers are familiar with the company's own content. Netflix expects to spend around USD 5 billion next year on adding more to its own programming, while its first feature film will launch October this year, simultaneously on Netflix and in cinemas. Netflix also confirmed plans to launch in Japan in Q3, followed by Spain, Italy and Portugal in Q4. It aims to expand to China next year. The company's total revenues reached USD 1.6 billion in the second quarter, up 23 percent from a year ago. Average revenue per customer was up 5 percent, helped by the introduction of different forms of subscription. Marketing costs rose by 63 percent to USD 197 million, contributing to a 42 percent fall in the operating result to USD 75 million. Net profit was down 63 percent to USD 26 million. For the third quarter Netflix expects to add another 1.15 million customers in the US and 2.4 million at the international activities, resulting in total revenues of around USD 1.6 billion again. Losses from the international operations are expected to continue to grow due to the continuous expansion.
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Columbus drinkers spend more on craft beer than most
2015-07-15 22:41:21| Grocery - Topix.net
Here's another accolade Columbus can raise a glass to: It's one of the biggest markets for retail craft beer sales. Local beer drinkers spend 25 cents of every $1 spent on brews at the grocery store on craft beer, according to a new report from consumer research firm Nielsen Co.
Utility-Scale Solar PV More Cost-Effective than Rooftop
2015-07-15 19:26:00| Transmission & Distribution World
A study released by economists at global consulting firm The Brattle Group finds that utility-scale solar photovoltaic systems in the U.S. are significantly more cost effective than residential-scale (rooftop) PV systems read more
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Get out the wallet: Airlines are charging more fees than ever
2015-07-15 14:33:55| Airlines - Topix.net
According to an annual study from IdeaWorksCompany and CarTrawler, ancillary fee revenue from additional charges for things like checked bags and changed reservations jumped 21 percent year over year to a record high of $38.1 billion. As CNBC's Phil LeBeau reports, the growth in those revenues has been dramatic, as airlines brought in just $2.5 billion in ancillary fees in 2007.
Agrium, More Than A Fertilizer Producer, More Interesting Than Potash Corp?
2015-07-15 03:22:29| Chemicals - Topix.net
Agrium is the largest global retail and distributor of crop inputs. It is also the leader of agricultural nutrients providing farmers with all they need to improve their production.
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