MUMBAI: Provider of on-demand Internet streaming video, Netflix has decided to open its business in the UK and Spain by the first quarter of 2012.
Said Netflix‘s VP communications Steve Swayse, "For our expansion plans, we‘ve said that we plan to be in Latin America by the end of the year,‘ he said. "Beyond that I can‘t say any more."
Expansion into Latin America and the Carribbean is expected to include over 40 countries.
In its 25 April letter to shareholders, Netflix reached nearly 24 million customers worldwide. The company made a major push into Canada that began in 2010 and now has 800,000 subscribers. However, the expansion has faced complications unique to the nation.
