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Hastings says the competition is not really Amazon, YouTube or other video services. He says the real competition is sleep. People binge watch videos on Netflix until they drop off.

The decision follows the company's layoff of 150 employees in May and the loss of 200,000 U.S. subscribers in April, the first customer decline in over a decade.

Alfonso Cuarón's acclaimed movie has been part of an ongoing battle over who gets to premiere movies: streaming services like Netflix, or theaters?

Netflix releases Narcos: Mexico, a spinoff of its show Narcos with a focus on how Mexico's drug cartels got organized. Diego Luna stars as an ex-cop turned kingpin and Michael Pena as a DEA agent.

Netflix debuted a new miniseries based on the film "The Talented Mr. Ripley." The slow-burn thriller named "Ripley" is shot in black-and-white.

The video streaming site says it's throttling its service to help users reduce their data usage and avoid fees.

The new original series features the residents of a small town in Indiana and their search for a middle school boy who mysteriously goes missing.

The former president is in negotiations to produce a series of high-profile shows for Netflix, according to The New York Times. The number of episodes and show formats have not been decided.

The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix's emblem, plans to mail its final discs on Sept. 29.

One official said it's "elevating the people's cultural life" by allowing its citizens to stream state-run TV. Which is to say binge watch propaganda in the comfort of their own home.