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On-demand video streaming site Netflix has just crossed the 1 million subscriber
mark in the United Kingdom and Ireland. This is remarkable considering Netflix
launched in the UK in January. Netflix has embarked on a price war with Amazon’s
LoveFilm and Sky’s NowTV services. In a highly competitive market, Netflix is
turning a corner especially after its controversial decision to move to streaming
over the Internet that saw almost 75% drop in the market value of the company.
The UK, Ireland and South America have proven to be overwhelming success
stories for the company, considering Netflix is facing sagging growth in the US and
Canada.

We cannot wait to see how the on-demand video streaming market will pan out for
Netflix? Please post your comments below.

Source: TechCrunch

Image: Flickr/vintspiration

Akin

Akin is a writer at Technesstivity since June 2011 covering the use of technology in everyday life ranging from entertainment to business. A native of Lagos, Nigeria, he is a computer science student at the University of Liverpool. He has a knack for the role of venture-capital in funding innovative companies. He aspires to one day be a venture capitalist and investor. When in his spare time, the could be seen writing articles, reading books, listening to music, working on student radio and socialising with friends. Subscribe to him on Facebook

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