Wednesday, July 6, 2011

Netflix expanding into Latin America -

Netflix expanding into Latin America -

Expanding its reach from two countries to the entire Western Hemisphere, Netflix Inc. will launch its successful online film and television subscription service across Latin America in a bid to maintain its sky-high subscriber growth and stock price.

The Los Gatos, Calif., company, which boasts more than 23.6 million subscribers and has become the nation's No. 1 movie rental provider, announced Tuesday that this year it will expand into 43 countries in South America, Central America and the Caribbean but not Cuba. The company did not specify a launch date.

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