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Netflix lost 800,000 subscribers this year

The movie and TV streaming company will launch in Ireland and the UK early next year. It has been operating in the US and almost 40 other countries since 2007.

Image: Wilfredo Lee/AP/Press Association Images

NETFLIX, THE MOVIE and TV streaming company that is due to launch in Ireland next year, lost hundreds of thousands of subscribers in the third quarter of 2011.

The BBC reports that its customer numbers fell by more than 800,000 to 23.8 million between June and September of this year.

This comes after the service raised its prices for its DVD rental and online streaming.

The New York Times reports that the company lost some customers when it divided its service into two – one that offered online streaming, the other that posted out DVDs.

Reaction was so bad that it then had to reverse the decision.

The company’s profits did rise however – by 65 per cent for the quarter.

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It was announced yesterday that Netflix will launch in Ireland the UK next year.

Worldwide, it has expanded into almost 40 different countries.

Irish residents interested in its service can sign up for an email alert which will let them know when it is launching here.

Read: Netflix movie and TV streaming service coming to Ireland>

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