Netflix

Netflix

Video streaming giant Netflix has become the first service to join the membership ranks of the Motion Picture Association of America (MPAA) on Tuesday, Hollywood’s top lobbying group, The Verge reported. It is the first time a non-Hollywood, internet-based studio has been welcomed to the 97-year-old trade group, alongside six Hollywood studios that endorsed Netflix’s new membership. In a statement, on behalf of the group and its member companies, Charlie

Netflix

During July-September time period, Netflix attracted over 7 million new streaming subscribers which is three folds more than Wall Street had estimated. On Tuesday, now the world’s biggest online subscription video service released its quarterly earnings and revealed to have 137 million of total monthly membership worldwide which is about 2 million more than it expected. As reported in Reuters, shares of Netflix which was already 78% this year, surged