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Netflix sells out of movie boxes

June 10, 2008|From Times Wire Services

Netflix Inc. has sold out of the set-top boxes that stream movies from the Internet to TV sets, indicating stronger-than-expected demand, Chief Executive Reed Hastings said.

Netflix, the largest U.S. mail-order movie service, is pressing supplier Roku Inc. to increase production, Hastings said. The $100 system lets customers order movies online and watch them on a television using Wi-Fi technology.

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