Los Gatos Online Video Leader Netflix To Expand Into Italy, Portugal In October
LOS GATOS (CBS/AP) -- Netflix will debut in Italy and Portugal in October as the Internet video service accelerates its international expansion.
The move into two more European countries was announced Saturday, just a few days after the Los Gatos, California, company unveiled its plans to begin selling its service in Spain.
Netflix is aiming to be available throughout the world by the end of next year, although the company may have to forge partnerships to enter some countries such as China. It's already in more than 50 countries.
The company ended March with 62 million subscribers worldwide, including 41 million customers in U.S. The service, which streams movies and TV shows over high-speed Internet connections, costs $9 per month in the U.S. Prices vary in other parts of the world.
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