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		</div><p>Netflix boosted its total number of global subscriptions by more than 10 million in the last quarter amid the coronavirus pandemic.</p>
<p>The streaming giant has now seen the number of paid memberships it receives grow by 26 million in the first half this year, according to a company letter to shareholders.</p>
<p>The figure is nearly on a par with the 28 million that were added throughout the whole of 2019 and the company has exceeded its targets.</p>
<p>However growth rate is slowing “as consumers get through the initial shock of Covid and social restrictions”, the letter added.</p>
<p>Netflix forecasts it will add just 2.5 million subscriptions in the third quarter, down from 6.8 million over the same period last year.</p>
<p>That outlook for new subscribers disappointed investors and contributed to the stock price tumbling by about 9% in after-hours trading.</p>
<p>Netflix also announced Ted Sarandos has been promoted to co-CEO of the company alongside co-founder Reed Hastings.</p>
<p>The 55-year-old will continue to serve as chief content officer while also being elected to the company’s board of directors.</p>
<p>Sarandos joined the company in 2000 as a DVD buyer and has since overseen Netflix’s rise to the top of the streaming industry.</p>
<p>Elsewhere, Netflix revealed that comedy drama series Never Have I Ever reached 40 million households worldwide during the first four weeks it was available.</p>
<p>The same number also tuned into comedy Space Force, which stars Steve Carell and came out in May.</p>
<p>The second quarter of the year also saw 27 million households watch Spike Lee’s film Da 5 Bloods.</p>
<p>Earlier this year the Disney+ streaming platform launched in Ireland and became the latest challenger to Netflix, Amazon Prime Video and Apple TV+.</p>
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