Netflix to provide service to the UK, Ireland

Oct 24, 2011
Netflix CEO Reed Hastings addresses a conference in San Francisco, California in September 2011. Netflix on Monday announced plans to expand its online streaming video service to Britain and Ireland next year.

Netflix Inc. plans to offer its online subscription service to the United Kingdom and Ireland starting early next year, providing access to movies and television shows.

The company said Monday that subscribers will get unlimited and movies streaming online to their televisions and computers, Macs, tablets and cellular phones for a monthly fee.

The Los Gatos, Calif.-based company, which will report its third-quarter financial results after the closes on Monday, said details about pricing, content and supported devices will be disclosed closer to launch.

Netflix started streaming to the U.S. in 2007 and added Canada in 2010 and 43 countries in Latin America and the Caribbean in September. The company has more than 25 million members in the U.S., Canada and Latin America.

Those in the U.K. or Ireland interested in the service can sign up at Netflix's web site to receive an email alert that will let them know when the service has launched, the company said.

Netflix has faced criticism lately due to a recent price increase and a failed attempt to split up its . Netflix boosted prices for combination packages of DVDs-by-mail and Internet video streaming by as much as 60 percent, effective Sept. 1. After the higher prices kicked in, CEO Reed Hastings announced a plan to spin off the DVD rental side into a separate website called Qwikster. The move was so reviled by subscribers that Hastings changed his mind within three weeks.

Netflix's stock has dropped by 60 percent since the price increases were announced in mid-July. The sell-off has wiped out $9 billion in shareholder wealth.

Explore further: Taiwan factory workers win $18 mn over cancer deaths

0 shares

Related Stories

Netflix apologizes for snafu, renames DVD unit

Sep 19, 2011

Netflix's top executive acknowledged that he "messed up" the video giant's new pricing scheme and announced a rebranding of the DVD rental service which has been split from its online streaming unit.

Netflix to stream movies, shows in Latin America

Jul 05, 2011

(AP) -- Netflix is expanding its movie and TV show streaming service into 43 countries throughout Latin America in the online movie rental company's largest international expansion yet.

Questions and answers about Netflix's flip-flops

Oct 10, 2011

(AP) -- Puzzled by Netflix Inc.'s recent changes? You're not alone. Here are basic questions and answers about the company's reversal of its decision to split off its DVD-by-mail service and rename it "Qwikster." ...

Netflix unveils Latin America service in Brazil

Sep 07, 2011

(AP) -- Netflix launched its movie and TV streaming service in Brazil on Monday, the beachhead for a push into Latin America that is seen as key to the company's continued growth after recent setbacks in ...

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

14 hours ago

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

23 hours ago

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

23 hours ago

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.