Netflix to Expand to the UK and Ireland
Bloomberg is reporting this morning that Netflix Inc. (NASDAQ:NFLX) plans to expand its operations to the UK and Ireland in 2012. Bloomberg notes that Netflix will face an array of competitors in the UK “from LoveFilm and from free services such as the British Broadcasting Corp.’s iPlayer, U.K. network Channel 4′s 4OD and Seesaw.com.” LoveFilm is owned by Amazon.com Inc. (NASDAQ:AMZN).
Following is some information about the companies’ stock price performance.
- Netflix Inc. (NASDAQ:NFLX): The shares closed at $117.04 on Friday. The shares have traded in a 52-week range of $103.13 to $304.79 and its market capitalization is $6.15 billion. About the company: Netflix, Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
- Amazon.com, Inc. (NASDAQ:AMZN): The shares closed at $234.78 on Friday. The shares have traded in a 52-week range of $156.77 to $246.71 and its market capitalization is $106.57 billion. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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