LOS GATOS, Calif. — Netflix is expanding its movie and television-show streaming service into 43 countries throughout Latin America in the online-movie-rental company’s largest international expansion yet.
Analysts said the expansion was larger than expected. The company’s stock hit an all-time high of $283.50 in morning trading Tuesday.
Subscribers in Mexico, South and Central America, and the Caribbean will be able to watch TV shows and movies streamed on a range of gadgets starting this year. The company did not announce pricing or a launch date.
In the U.S., a streaming subscription costs $8 a month, and customers can pay slightly more to get DVDs in the mail. As is the case in Canada, Netflix’s service in Latin America will be streaming only, with no DVD option. The Associated Press
