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Summary:

Ever since Netflix expanded to Canada, speculation has popped up about where it might go next. But on CBS’s earnings call, CEO Les Moonves might have spoiled the surprise, telling investors that the broadcaster is in serious negotiating with Netflix for content rights in Latin America.

south of the border

Ever since Netflix announced that it was expanding to Canada, there’s been plenty of speculation about where the subscription streaming service may pop up next. But on CBS’s first-quarter earnings call Tuesday, CEO Les Moonves might have spoiled the surprise: While discussing opportunities for new digital revenue streams, he said CBS was negotiating with Netflix for content rights in Latin America.

“We are in very serious discussions with Netflix about doing a deal in Latin America, doing a deal in Canada, and those deals might happen fairly quickly,” Moonves told investors. The CEO noted that CBS’s current deal with Netflix only includes streaming rights for the U.S., which means that CBS still has an opportunity to license its content for streaming in Canada and other new international markets.

Certain Latin America markets — in particular Mexico and Brazil — have been rumored as possible targets for Netflix’s next effort at international expansion. But Netflix has remained quiet on where that expansion might actually happen.

When asked for comment Netflix VP of Corporate Communications Steve Swasey downplayed the comments by Moonves. In an email, he wrote:

“That’s not a confirmation. Les said we’re negotiating, just as we’re negotiating all the time with all the studios, networks and independents for future expansion worldwide. But negotiations do not mean we have completed deals for any specific content or markets.”

That leaves the door open for other possible new international markets, and we should find out where Netflix plans to launch next soon. Based on its early success in Canada, Netflix has said it expects to expand into one additional market by the end of the year.

Photo courtesy of (CC BY-SA 2.0) Flickr user rvaphotodude.

  1. Leslie Moonves (CBS) won’t do anything for anyone he’s a 56 Million Dollar Clown. He has 2 jobs, even when he sits on KB Home’s Board of Directors and builds a Lemon that can’t be fixed, and the consumer must pay a mortgage Moonves got paid. He gets paid for a job he dosen’t do or won’t do? This is why you’ll never see KB Home on 60 minutes (CBS). This maybe the only reason he’s a KB Home Board member? http://www.akbhomesucks.com xCEO Bruce Karatz a felon, not seen on 60 minuets, buried in a very small blurb on page 14 on the Wall St Journal (CBS). Its obvious Moonves thinks he can get away with anything? Don’t the people own the airwaves? And the right to use those airwaves are granted from our government? If some shady dealing was going on would anyone report it?

    I forgot to mention that the PGA (Broadcast by CBS in HD) has a board member on KB Home also Tim Finchem the Commissioner. was that so KB Home could build homes on exclusive courses the PGA plays on? Finchem and Moonves don’t want to fix this home in violation of the FTC Consent order for shoddy construction and false advertising. If this is how they play at new homebuilding? Then it must be OK for them to do the same in other areas? The CBS Network and the PGA both condone the false advertising and lousy building of KB Home.Just Google a KB Home Sucks for Moonves and Finchems Corporate reputations.

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