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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
07/20/201614:00:00Sony Launches the Z Series, the Ultimate 4K HDR Ultra HD TV
07/18/201601:00:00Pets' Keeps Its Top Spot at Box Office, Besting 'Ghostbusters'
07/14/201617:40:00Vevo to Unveil New Music Video App
07/11/201610:40:00Poké mon-Chasing Investors Send Nintendo Shares Soaring
06/30/201613:10:00Sony Re-Commits to Roots With Return to Robotics
06/30/201603:05:00Business Watch -- WSJ
06/29/201603:20:00Sony's Image-Sensor Business Hit by Slowing iPhone Sales
06/15/201621:40:00Sony Recalls Panasonic Battery Packs Used in Vaio Laptops
06/13/201616:30:00Microsoft Unveils New Virtual-Reality Gaming Console
06/10/201600:40:00National Amusements Seeks Potential Board Members for Viacom
06/07/201621:40:00Yahoo Lines Up Bids for About 3,000 Patents
06/01/201615:40:00Microsoft to Make Virtual-Reality Software Available to Others
05/26/201617:40:00Four Studios Won't Honor Movie-Booking Practice
05/26/201608:40:00Sony PlayStation 4 Sales Top 40 Million
05/25/201601:00:00Asia Shares Rise on Oil Price Gains
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

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