Netflix to launch in UK after US woes

Online video rental service Netflix is to offer UK consumers the chance to stream tens of thousands of blockbuster films and TV series when it launches here in early 2012. Netflix has almost 24m users worldwide and is reported to be the biggest single source of web traffic in the US, accounting for almost a quarter of all web use. Its arrival will put it head to head with Amazon's Lovefilm service, and comes after a rocky quarter's trading in the US.