Netflix, popular on demand video streaming service at CES announced that it would be expanding it’s services to 130 new countries, and a lot of happy Filipinos would be happy that this service would be available to everyone in the country.
At the Consumer Electronics Show (CES) in Las Vegas, Netflix CEO Reed Hastings said the company is quickly becoming global and multilingual, adding Arabic, Korean, and simplified and traditional Chinese to the 17 languages it already supports.
Originally, Netflix was available in 60 countries and supported 17 languages. Reed Hastings announced at the CES electronics show on Wednesday would not have the service available in 190 countries.
To view where the number of countries where Netflix is available : >> Click Here <<
Hasting also included in his announcement that China would be the only major country without Netflix but they are still considering adding it to it’s territory.
North Korea, Syria or Crimea would be a few of the countries Netflix currently don’t have a plan in providing the service for.
Netflix currently has no plans to push into North Korea, Syria or Crimea because of restrictions on U.S. companies operating in those countries. The company’s service also may not be an immediate hit in several other major countries, including Russia, Turkey and Poland, where it will only be available in English.
I was closely monitoring Netflix Inc stocks on my eToro account and noticed the drop but all my indicators stated that it was a strong buy. I’m pretty sure that investors were delighted with Netflix’s quantum leap across the glob. Stock climbed 9% to close at $117.68 on a grim day in the rest of the market.
The uptick in the shares reflects a belief that Netflix is now in a position to sign up more subscribers this year than analysts had previously anticipated, generating additional revenue that the company can spend on TV series and movies as it bids against rivals such as HBO, Amazon.com, YouTube and Hulu for licensing rights.
Netflix Inc. began the year with more than 70 million subscribers and management had already vowed to spend about $5 billion this year licensing
Increasingly, Netflix has been buying material that only can be seen on its service, with more than 600 hours of original programming lined up for this year. That slate encompasses more than 50 exclusive TV shows and movies, including award-winning series such as “House of Cards” and “Orange Is the New Black.”
Although Netflix is now virtually worldwide, not of all its entertainment will be available everywhere. For instance, a prized licensing contract that gives Netflix the rights to Walt Disney films after their theatrical release will be limited to the U.S. and Canada as part of a deal negotiated several years ago. Hastings told reporters Wednesday that Netflix is hoping to expand those rights into other countries.
MANILA, Philippines (UPDATED) – At the Consumer Electronics Show in Las Vegas on Wednesday, January 6 (January 7, Manila time), video-streaming service Netflix announced that it was launching in a host of new, additional countries, including the Philippines.
Netflix CEO Reed Hastings said at the end of the presentation at CES that he was “delighted to announce that while we have been here on stage at CES, we switched Netflix in Azerbaijan, in Vietnam, in India, in Nigeria, in Poland, in Russia, in Saudi Arabia, in Singapore, in South Korea, in Turkey, in Indonesia, and in 130 new countries.”
Netflix also added Arabic, Korean, and Simplified and Traditional Chinese to the 17 languages it already supports.
Netflix in the Philippines can be accessed at https://www.netflix.com/ph/ and will have 3 plans available, with a minimum monthly subscription plan of P370 ($8) for the Basic plan. Users can get a free month of Netflix at initial sign-up.
Standard and Premium plans will also be available for P460 ($10) and P550 ($12) which add additional screens for viewing at once, as well as the addition of HD and Ultra HD capabilities.