At Netflix, International Is the New Black

The Netflix Inc. app on an Apple Inc. iPhone 5s including "Orange is the New Black" series on July 9, 2014. "House of Cards," and "Orange Is the New Black," two Netflix Inc. series that have boosted the popularity of online viewing, will compete for television's top honors as nominees for Emmy awards in drama and comedy. Photographer: Andrew Harrer/Bloomberg

The red envelope is fading fast, but Netflix's budding international streaming business is making up for lost revenue.

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