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Detailed text transcripts for TV channel - CNN - 20190718:09:15:00

million subscribers mark but it missed the forecast for new memberships. the streaming giant added 2.7 million new subs. just over half of the new subscribers analysts expected. analysts reported the first drop in nearly a decade. the stock dropped 12% after hours trading. netflix said it didn t believe new competition was a reason. it s hard to ignore the competition its biggest threat may be from disney plus which debuts later this year. half the price of standard netflix plan. it will face even more competition when warner media s hbo max launches next year. warner media owns cnn, of course. for now netflix is at the top of the game. said it will add another 7 million next quarter. they claim boeing put greed before safety. in heart wrenching testimony

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