Netflix faces a new rival in the UK

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UK television network ITV has teamed up with the BBC on a streaming product that gives British audiences a new alternative to Netflix. BritBox will debut in the final three months of this year, the networks announced Friday. For £5.99 ($7.50) per month, users will get access to older shows and new HD programming across multiple screens. The back catalog will include popular series like Victoria and Love Island. Price could be a major selling point. BritBox will cost the same as a basic Netflix (NFLX) subscription but it's £3 ($3.75) cheaper than the American company's HD offering.


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