Netflix customer growth slows amid price hike, shares plunge

Netflix Inc said it added fewer video streaming subscribers than expected from April through June as some customers canceled the service ahead of a price increase, and the company's shares fell 16 percent. The dominant subscription video service on Monday also forecast slower-than-expected growth in U.S. and international markets in the current quarter. Netflix, which distributes popular original shows such as "Orange is the New Black" and "House of Cards" along with movies and TV shows from major Hollywood studios, signed up 1.7 million new customers in the quarter that ended in June.

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