Netflix Discovers Being First Global TV Network Isn’t Easy

Bloomberg: As big as Netflix is, with 34.5 million subscribers outside the U.S., it’s still seeking a foothold in many markets. On Monday, the video-streaming company stunned investors by forecasting second-quarter international subscriber growth that was far below analysts’ estimates. The disappointing outlook brought home to analysts and investors that Netflix won’t quickly replicate its U.S. success on the world stage. “Netflix will now need to improve the product offering and perhaps localize.”