Netflix, the American media giant that streams blockbuster movies and TV series over the internet, is to launch on this side of the Atlantic.

Netflix will offer tens of thousands of films in the UK - including exclusive early access to new films. The move comes after a series of hiccups for the company in the U.S., including price hikes and a disastrous attempt to split off its DVD rental business into a new company called Qwikster. Neftlix lost 800,000 U.S. subscribers in the last quarter. In the UK, it will...

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