Netflix to continue European expansion

Netflix, which launched in the UK and Ireland earlier this year, plans to increase its European presence.

Following the release of its quarter one figures, which show the company now has 26 million customers worldwide, Netflix has stated it plans to expand its presence in Europe in quarter four.

Although the quarter shows the company's first loss in seven years, it is expected to return to profitability in quarter two.  The company's international subscriber base has tripled over quarter one to more than three million.

Soruce: PaidContent