Streaming giant Netflix announced weak third quarter earnings earlier this week 

Company added just 2.2 million global subscribers, falling short of expectations 

Two analytics firms said cancellations surged after release of French film Cuties 

Cuties, which debuted on September 9, is about 11-year-old girls' dance troupe 

The group learns sexualized choreography in preparation for dance competition

Director denies claims that the movie promotes 'hyper-sexualization of children' 

Film's release sparked anger as well as calls for a boycott of streaming service

A Texas grand jury indicted Netflix for 'broadcasting lewd material' in the state

Republican and Democratic lawmakers demanded Netflix remove the film