netflix: With more than 10 million Netflix UK subscribers by the end of last year paying 5.99- 11.99 a month, with its 8.99 package by far the most popular Netflix UK raked in more than 700m, after sales tax, from British streamers, according to data and analytics firm Ampere Analysis, according to The Guardian. Revenue from British subscribers jumped 40% year-on-year in 2018, up from 500m in 2017 when the company received a 199,000 tax rebate from the UK government. Netflix's UK financial filing states the company reported revenues of 48m last year, and pre-tax profits of 2.3m, because the hundreds of millions of pounds it makes from British subscribers' monthly fees are funnelled through separate accounts at its European headquarters in the Netherlands. Netflix's UK subscription revenues are estimated to rise by about a third again this year to just short of 1bn. Netflix UK's financial filing also revealed the company has committed hundreds of millions of pounds to rental deals to secure studio space over the next decade. Netflix reports low revenue figures in the UK because, similarly to Google and Amazon, it positions the British operation as a service arm for its European headquarters where all subscriber revenues from across the continent are booked.
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