Netflix Updates Q4 Guidance

Netflix Updates Q4 Guidance: "Netflix CEO and Co-founder Reed Hastings commented, 'We're impressed with the demand for our service at our new price points. Although it is still early in the quarter, subscriber growth is exceeding our earlier expectations, churn appears to be heading toward historical lows, and U.S. SAC should be in the neighborhood of last quarter. The strategy of rapid subscriber growth we announced last month is working.' "