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A Billion Hours of Netflix Were Watched in June

Netflix has seen some tough, bumbling times, of which June 2012 was not one. CEO Reed Hastings says users watched more than 1 billion hours of content in June, making Netflix the seventh most-watched network out there, barring no cable or broadcast networks. Stock, predictably, rose. And they may continue rising as the Qwikster debacle fades further in the rear mirror and the Arrested Development revival nears.