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Netflix To Launch In UK, Ireland

By Ben Rooney Of THE WALL STREET JOURNAL Netflix Inc. (NFLX), the U.S. streaming and movie rental service, is to launch in the U.K. and Ireland, the company announced Monday. The company hasn't said how much it will charge, though in the U.S. customers pay $7.99 a month for unlimited movies and TV episodes streamed over the Internet to PCs, Macs and TVs. The company said further details about the service, including pricing, content and supported devices, will be announced closer to launch in early 2012. The move will put the company in direct competition to LoveFilm, which has more than 1.6 million subscribers in the U.K. and Europe. It will also be up against YouTube and Sony Corp. (6758.TO), both of which recently announced their own services. Netflix has been streaming to U.S. members since 2007, adding Canada in 2010 and 43 countries in Latin America and the Caribbean in September 2011. Netflix has had a rocky ride recently. Its shares plummeted from nearly $300 in early July to about $112 as of Friday after a series of embarrassing missteps: the company raised prices, said it was splitting in two and then, after customer outrage, reversed course on the split, but stuck with higher prices. The selloff has brought an ugly--and abrupt--end to the winning streak of one of the market's best performers. -By Ben Rooney, The Wall Street Journal

Stock News for Sony (SNE)
DateTimeHeadline
12/21/201422:00:10White House Weighs Options Against North Korea
12/19/201416:16:20Obama Says Sony Pictures Made a Mistake in Canceling Film
12/19/201416:08:01FBI Says North Korea Behind Sony Hack
12/19/201407:50:10Correction to Sony Pictures Running Show With Little Direction...
12/18/201414:30:15White House: Sony Hack 'Still Under Investigation'
12/18/201402:57:08Sony Pictures Running Show With Little Direction From Tokyo
12/18/201400:40:25Sony Hack Shines Light on North Korea's Cyber Attackers
12/17/201422:10:48North Korean Role in Hack Presents Quandary for U.S.
12/17/201420:37:51Leaked Emails Unveil Snapchat's Secretive CEO
12/17/201420:30:26U.S. Concludes North Korea Behind Sony Hack
12/17/201420:10:13Executives Ask If a Sony-Style Hack Could Hit Home
12/14/201420:04:24Music Business Plays to Big Data's Beat
12/12/201418:32:19Sony's TV Business Heads for Profit, but Big Challenges Remain
12/09/201417:14:15Krispy Kreme Profit Rises 20%
12/08/201400:31:18Grooveshark Tries to Play by the Rules With Online Radio App
12/01/201421:02:04North Korea Likely Behind Hacking of Sony Pictures
11/25/201409:20:23Sony Vows to Return Smartphone Unit to Profitability
11/25/201409:06:32Sony Vows to Return Smartphone Unit to Profitability -- Update
11/25/201404:11:09Sony Pulls FIFA World Cup Sponsorship
11/20/201417:16:35GameStop's Earnings, Holiday-Quarter Forecast Disappoint

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