Netflix surpasses 50 million subs, Q2 profits more than double

LOS GATOS, CA – Netflix has topped 50 million subscribers in more than 40 countries, and has more than doubled its profits in the second quarter despite hiking its fees earlier this year.For the period ended June 30, 2014, revenues at the online streaming service were $1.34 billion, up from $1.06 billion during the same quarter in 2013, while net income of $71 million shot up from the $29.5 million reported for the same period a year earlier.The company generated $1.15 billion in total streaming revenue for the quarter, up from $837 million year-over-year, and now has 50.05 million total...