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Netflix hits 50m global subscribers as profits double

Streaming video may not have supplanted broadcast TV, DVD or Blu-ray quite yet, but it appears to be well on its way. Online TV and movie streaming service Netflix announced this week that it now had more than 50 million subscribers in more than 40 countries worldwide. Releasing its results for the second quarter of 2014 on Monday, Netflix also …

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Stuart O'ConnorNetflix hits 50m global subscribers as profits double