World domination

Netflix exec: we want to be everywhere in the world in five years

Netflix wants to be present all around the world before 2020, said the company’s Chief Content Officer Ted Sarandos during an investor event Monday. Speaking at the UBS Global Media and Communications Conference, Sarandos said: “Within five years, we’d love to see the product be completely global, available everywhere in the world.”

[company]Netflix[/company] stepped up its international expansion this year by entering six new markets in Europe, including France and Germany. The company also announced earlier this month that it wants to launch in Australia and New Zealand next April. That launch will bring the number of countries that Netflix is available in to over 50.

Netflix still has a lot more subscribers in the U.S. than in its international markets, but the company is now growing twice as fast abroad. Netflix CEO Reed Hastings has said in the past that the company may eventually generate up to 80 percent of its revenue outside of the U.S..