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Netflix (NSDQ: NFLX) went north to Canada for its first international expansion. Now the company has confirmed it will go south to Latin America, tagged earlier this year as a near-future destination, with its streaming service before it heads overseas.
The actual timeline is still vague as is the price — “later this year” for “one low monthly subscription price,” according to a corporate blog post by Jessie Becker, VP of Marketing — but expect Netflix to stay around the local equivalent of $8.
Becker says unlimited streaming of TV shows and movies will be available in 43 countries throughout Latin America and the Caribbean, and in three languages (English, Spanish and Portuguese) on a “range of consumer electronics devices capable of streaming from Netflix, as well as on PCs, Macs and mobile devices.”
Netflix launched in Canada last September, amassing more than 800,000 subscribers by May. Overall, Netflix has more than 23 million subscribers. Streaming video still offers fewer options than DVD but is driving the company’s growth in subscribers.