UPDATE: Netflix finally arrives in the UK

US rental giant Netflix has at last arrived in the UK. It debuts in the form of a PS3 app which puts it squarely up against established UK rival LoveFilm, which is owned by Amazon. A Netflix subscription will cost 5.99 a month in the UK, with the first month …

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Sony denies Hirai promotion reports

Kaz Hirai is not on the verge of replacing Sir Howard Stringer as Sony president, the company has claimed. It has been forced into making the statement after widespread reports over the weekend that Hirai, the current head of Sony consumer products, was to be promoted to president at the …

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HMV upbeat despite Xmas sales slump

HMV’s retail sales dropped 8.2 per cent over Christmas. It is obviously still a challenging time for the entertainment specialist, but the results are better than they were when the Group last updated the City in December. The results are for the five weeks ending December 31st, 2011. HMV’s improved …

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