Netflix (NFLX +2.9%) continues its recent rally after announcing the launch of its streaming...

|By:, SA News Editor

Netflix (NFLX +2.9%) continues its recent rally after announcing the launch of its streaming service for the U.K. and Ireland. The company is offering the service for £5.99/month in the U.K and €6.99/month in Ireland, and has established a long list of content partners. However, concerns exist about Netflix's licensing costs, as well as competition from Amazon's (AMZN) Lovefilm subsidiary.