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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
04/04/201413:10:05Intertrust Settles Patent Suit Against Apple
03/27/201416:28:16TECH STOCKS: GameStop, King Digital Among Tech Decliners
03/18/201419:36:17Sony Pictures to Cut 216 Jobs
02/20/201418:10:32Time Inc. Invests in New Online Sports Network
01/29/201411:34:24TECH STOCKS: Yahoo's Weak Results Drag On Tech Stocks
01/28/201417:10:09Electronic Arts Reports Revenue Decline
11/21/201313:30:15Third Point Discloses $1 Billion SoftBank Position
11/18/201317:13:52TECH STOCKS: Sony Rises After PlayStation 4 Launch; Techs Wobble
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11/01/201301:26:07ASIA MARKETS: Asian Stocks Fall After China PMI Shows Weakness
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10/31/201323:40:37ASIA MARKETS: Asian Shares Fall After China PMI Shows Weakness
10/24/201303:00:06Ericsson Revenue Falls Unexpectedly
09/12/201323:40:33Japan Display to Raise up to $2 Billion Via IPO
08/21/201322:55:31ASIA MARKETS: Asia Stocks Come Off Lows After China Data
08/21/201321:33:12ASIA MARKETS: Asia Stocks Drop As Fed Stays On Taper Track
08/20/201321:35:26ASIA MARKETS: Japan Stocks Rebound, But BHP Weighs On Australia
08/07/201305:28:40ASIA MARKETS: Japan Stocks Slammed By Firm Yen As Asia Retreats

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