Economics
Netflix Soars, Esquire Goes Dark as TV Viewers Move Online
- Online video leader beats projections in U.S., foreign markets
- Company projects first-quarter gains, big jump in earnings
Netflix Beats Projections in U.S., Foreign Markets
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The future of television just got a little clearer.
An hour after Comcast Corp. said its Esquire cable network will shut down, a sign of flagging interest in traditional pay TV, Netflix Inc. reported its biggest quarter ever, beating analysts’ estimates on new subscribers and validating its vision of a world where everyone watches TV online and on-demand.