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Phoenix666 [soylentnews.org] writes:

Online TV company Netflix gained another 3.62m subscribers between July and September, to take its total to 69.17m.

However, the number of new subscribers in the US was less than the company had forecast [bbc.com], prompting shares to fall in after-hours trading.

It attributed this to the "ongoing transition to chip-based credit and debit cards".
...
Netflix has been doing a fair bit of gambling lately.

First, it took the not-unanimously-popular decision to remove thousands of films from its catalogue in favour of spending money on original programming. And then last week it said it was going to up its prices as well.

Slow user growth in the US will worry investors - although the company has blamed the transition in the US to chip cards, rather than waning interest. Internationally there were more new subscribers than anticipated, suggesting the chip excuse may be a valid one.

Netflix seems to be carving its content down to TeleNovelas and lesbians in jail.

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