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Netflix To Stream Movies, Shows In Latin America

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Netflix headquarters

A sign outside Netflix headquarters in Los Gatos. (AP)

LOS GATOS (CBS/AP) — Netflix is expanding its movie and TV show streaming service into 43 countries throughout Latin America.

It’s the online movie rental company’s largest international expansion yet.  Netflix stock rose to a 52-week high of $283 on the news.

Los Gatos-based Netflix Inc. said on Tuesday that its subscribers in Mexico, South and Central America and the Caribbean will be able to watch TV shows and movies streamed on a wide range of gadgets starting this year.

The company did not announce a pricing plan or say exactly when the service will be available.

Netflix launched its streaming service in the U.S. in 2007 and in Canada last year.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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