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Latin America Business News

Netflix is Coming to Latin América, Stock Surges on News

Netflix is Coming to Latin América, Stock Surges on News

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The provider of on-demand internet streaming video in the US and Canada is expanding it’s capabilities to Spain and Latin América!

Netflix stock prices skyrocketed to an all-time high on Tuesday after the news that the company will expand its video-streaming service to 43 countries in Spain, Latin America and the Carribean later this year and thru 2012.

After starting the week at $260.00, the company’s shares went up to an all-time high of $282.49 as of Wednesday at noon.

“Members in the region will be able to accessNetflix.com in Spanish, Portuguese or English, depending on their preference, and will be able to enjoy entertainment on their TVs via a range of consumer electronics devices capable of streaming from Netflix,” wrote Jessie Becker, Netflix’s VP of Marketing.

Consumer electronics devices capable of streaming from Netflix include Windows and Mac computers, gaming consoles like the Nintendo Wii and Xbox, hand held devices like iPhones and iPads and services like Apple TV and Tivo.

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