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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
05/24/201603:40:00Sony Expects Deeper Loss for Image-Sensor Business
05/12/201618:10:00AMD Names John Caldwell Chairman
05/10/201607:40:00Apple's Slowdown Bruises of Japanese Display Maker
05/06/201609:30:00Warner Music Revenue Grows on Streaming
05/02/201600:00:00Asian Shares Led Lower by Japan
05/01/201622:10:00Hulu Bets on Cable-Style Web TV
04/29/201603:03:00Smartphone Makers Get Squeezed -- WSJ
04/28/201602:50:00Sony Returns to Net Profit
04/22/201607:20:00Paramount Offers EU Concessions on Sky UK Licensing Deals
04/21/201605:40:00Sony Lowers Operating-Profit Estimate
04/18/201618:30:00Sony, Estate of Michael Jackson Complete Sony/ATV Pact
04/14/201601:20:00Sharp Gears Up for Robot Smartphone Release
04/08/201613:00:00Sony Pictures Consumer Marketing Teams Up with Hip-Hop Icon and...
04/07/201608:40:007-Eleven CEO Resigns After Loeb Wins Japan Board Fight
04/03/201622:40:00Some Oculus Rift Shipments Delayed
03/31/201609:10:00Panasonic Scraps Revenue Goal
03/29/201609:40:00SoundCloud Starts Paid Subscription Version
03/28/201605:00:00Sony Plans New PlayStation for Graphics-Heavy Games
03/25/201600:10:00Snapchat Buys Bitmoji App for More Than $100 Million
03/24/201607:30:00Sony's Game Plan Goes Mobile

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