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Holly Deveaux to play Casey Anthony
WASHINGTON, Jan. 22 (UPI) -- Online DVD rental company Netflix will launch in Canada and the United Kingdom in late 2004 or early 2005, CEO Reed Hastings revealed.
The company is also testing the movie download market, Daily Variety reports, with a limited service entry in 2005.
Netflix reported net income for 2003 of $6.5 million, compared to a$20.9 million loss in 2002. The company announced a 2-for-1 stock split, effective Feb 12. Shares closed down $1.95 Wednesday to $65.80, but were up strongly in after-hours trading.
Netflix's international expansion plans come as U.S. subscribers hit 1.5 million in faster-than-expected growth. They should reach up to 2.5 million by the end of 2004.
The company also announced the departure at the end of the year of Chief Financial Officer Barry McCarthy. "It's time for me to find a challenging CEO or COO role of my own," McCarthy said.
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UPI horoscopes for Saturday, May 26, 2012.
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