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Netflix's UK, Ireland Launch Cost GBP62 Million; Subscribers Up

The online media provider, which made $60 million in profit in the first quarter of 2011, was pushed into a global loss in the first three months thanks to its launch in the UK & Ireland on 9 January. This pushed losses at its non-U.S. operations from $60 million in the fourth quarter of 2011 to $103 million in the three months to the end of March. Subscriber numbers to its international services, which are available in more than 40 markets outside the U.S., grew 65% from the previous quarter to 3.07 million by the end of March.

Read the whole story at The Guardian »

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