Netflix misses growth targets

Streaming growth slowing down in the US.

Netflix, which aims to become a fully global company by the end of 2016, has announced a 50% fall in its year on year profits.

The company has blamed the transition to new chip-based payment cards in the US, claiming they make member renewal more difficult.

Outside of the US, Netflix has now launched in Japan and is planning to launch in Italy,

Sources: Wired; NY Times.