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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
09/27/201603:03:00Record Industry Sues Stream-Ripping Site -- WSJ
09/26/201618:30:00China's Wanda Group in Talks to Acquire Dick Clark Productions
09/26/201616:00:00Major Labels Sue Popular 'Stream Ripping' Website
09/26/201600:30:00Magnificent Seven' Tops Box Office at $35 Million
09/23/201600:00:00Sony and Dalian to Market Films in China
09/21/201600:10:00Japan Could Divest Stake in iPhone Display Maker
09/15/201602:00:00Spotify Remains Tops in Music Subscriptions
09/13/201609:30:00Pandora Moves Closer to On-Demand Streaming
09/08/201601:30:00Apple Pay to Launch in Japan With iPhone 7
09/07/201621:50:00Nintendo Shares Soar as Mario Comes to Smartphones
09/07/201616:20:00Sony Unveils New PlayStation 4 Pro
09/02/201602:20:00Asian Shares Mixed Ahead of U.S. Jobs Report
08/30/201617:18:00Sony Pictures Home Entertainment and Intel Bring Premium 4K Movies...
08/30/201613:50:00Intel Pushes 4K Video With Latest Chip Line
08/29/201622:50:00Another Intellectual-Property-Law Firm to Close
08/24/201600:20:00Asian Shares Mixed as Traders Brace for Fed Tightening
08/23/201613:40:00Sony to Raise Price of PlayStation Plus Service
08/21/201623:20:00Sony to Sell Updated Model of Standard PlayStation 4
08/18/201621:40:00Viacom, Redstone Near Settlement Ousting CEO Dauman
08/18/201608:40:00Samsung Shares Hit Record High

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