Netflix on Tuesday said that it will expand into 43 countries throughout Latin America and the Caribbean in an international expansion that could juice growth going forward.
With the move, Netflix is ramping up its international expansion. Netflix has been a U.S. service primarily, but did reach into Canada in 2010. With the Latin America move, Netflix moves into a few hot-growth markets.
When the service launches, Netflix users in Mexico, Central America, South America and the Caribbean will be able to watch U.S., local and global TV shows and movies. Since Netflix is primarily a streaming service, its model is much more scalable.
Netflix service will be offered in Spanish, Portuguese, or English.
During Netflix’s first quarter earnings conference call, executives projected anywhere from 900,000 to 1.05 million international subscribers for the second quarter. As of March 31, Netflix had 800,000 subscribers in Canada.
Separately, Texas Instruments said that its OMAP 4 platform has been certified for HD streaming on Netflix. TI is looking to Netflix to bolster its standing in Android devices—specifically Android 2.3. TI’s OMAP 4 processor will have Netflix pre-installed in the future.
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