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Netflix Passes Apple in Internet-Movie Revenue, IHS Says

Netflix Inc. passed Apple Inc. in U.S. online-movie revenue last year, fueled by booming demand for streaming-video subscriptions, research firm IHS said.

The Los Gatos, California-based company’s share of U.S. consumer online-movie sales jumped to about 45 percent last year, IHS said today in a report. Apple saw its share fell to 32 percent from about 61 percent.