MUMBAI: OTT subscription service Netflix will become a component of the Nasdaq-100 Index, the Nasdaq-100 Equal Weighted Index and the Nasdaq-100 Ex-Technology Sector Index prior to market open on 6 June 2013.

Netflix will replace Perrigo Company.

The California headquartered Netflix has a market capitalisation of approximately $12.1 billion. The move comes at a time when its stock price has more than doubled since the start of the year. The company is looking at creating more original content.