Netflix To Stream Movies, Shows In Latin America

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.

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  • Netflix Rates Rise Up To 60 Percent For DVD, Streaming « CBS San Francisco

    […] Although it’s preparing to deliver DVDs through the mail for many more years, Netflix sees Internet streaming as its main lure for new subscribers as Internet connections become even faster and an array of mobile devices make it easier to watch video on the go. The company is only selling streaming packages in Canada, where it expanded last year, and in Latin America, where it will enter 43 countries by the end of this year. […]

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