Investing

Netflix Stock Up On UK And Ireland Launch

Netflix (NASDAQ: NFLX) shares rose on news that it would launch in the UK and Ireland. The US based company has been dogged by fears that a customer revolt again higher prices for service and increases in the sums paid to content providers will ruin the firm’s business

It announced that

Leading Global Internet Film And TV Subscription Service Arrives In The UK And Ireland For 5.99 Pounds Sterling Per Month, People Can Now Instantly Watch Unlimited Films And TV Programmes Streamed Over The Internet From Netflix To Smart TVs, Game Consoles, Blu-ray Players, Laptops, Tablets And Mobile Phones Free, One-Month Trial Available To All

Several media have pointed out that Netflix will have to compete with market leader Lovefilm which is owned by Amazon.com (NASDAQ: AMZN)

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