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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
09/12/201410:24:32ASIA MARKETS: Japan Stocks Gain For Fifth Day As Yen Falls Further
08/22/201416:27:06TECH STOCKS: Salesforce, GameStop Lead Tech Stocks
08/15/201406:00:25ASIA MARKETS: China Mobile Leads Hong Kong To Highest Close In...
08/06/201406:49:49ASIA MARKETS: Japan Stocks Log Five-day Losing Streak
07/01/201405:37:05ASIA MARKETS: Japan Stocks Climb To One-week High On Rising China...
05/22/201408:50:08Sony CEO Promises Turnaround to Bear Fruit Soon
05/15/201417:10:12Point72 Bets on BlackBerry and Booz Allen
05/15/201416:54:14Point72, Formerly SAC Capital, Bets on BlackBerry and Booz Allen
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05/02/201406:09:14ASIA MARKETS: Asia Stocks Mostly Higher Ahead Of U.S. Jobs Report
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04/21/201417:30:16Netflix Sees Raising U.S. Prices
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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