Netflix delays UK launch
Netflix is synonymous with online DVD rental, but its pioneer status hasn't been much help in fending off ferocious competition Stateside. On worse than expected US figures, stock crashed by 35 per cent and the company said it's cutting fees and delaying its UK launch. All this despite turning in its best ever profit: $22.6m after adjustments, on revenue of $141.6m ...more
Netflix is synonymous with online DVD rental, but its pioneer status hasn't been much help in fending off ferocious competition Stateside. On worse than expected US figures, stock crashed by 35 per cent and the company said it's cutting fees and delaying its UK launch. All this despite turning in its best ever profit: $22.6m after adjustments, on revenue of $141.6m ...more
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