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Streaming television services from companies like Netflix, Amazon and Hulu have reached a key milestone -- half of US households are now subscribing, a survey showed Monday. The Nielsen Total Audience Report found that in the first quarter of 2016, streaming video on-demand (SVOD) services reached 50 percent of American homes, the same percentage as digital video recorders. "While DVR penetration has plateaued, SVOD penetration is growing," the report said.
Ratings agency Standard & Poor's removed the United Kingdom's coveted AAA status on Monday because of its vote to leave the European Union, downgrading it by two notches with a long-term negative outlook. "In our opinion, this outcome is a seminal event, and will lead to a less predictable, stable, and effective policy framework in the UK," a statement from the agency read. The negative outlook reflects the risk to the economy, and the future of sterling as a reserve currency, it added.