The Joplin Globe, Joplin, MO

Business

June 19, 2013

Netflix to expand to Netherlands later this year

LOS GATOS, Calif. — Netflix is going Dutch.

The online video giant says it will expand into the Netherlands, its 41st country, later this year.

Subscribers will be able to stream Hollywood fare, local TV series and Netflix originals like “House of Cards” and “Arrested Development” on TVs, game consoles, computers and mobile devices.

Netflix Inc. didn’t offer details on pricing, saying only there would be a “low monthly price.”

As of the end of March, Netflix had 29.2 million streaming subscribers in the U.S. and 7.1 million internationally. Those figures are up 5.8 million and 4.1 million respectively from a year ago.

Netflix, which launched its streaming video service in 2007, expanded to Canada in 2010, Latin America in 2011 and the U.K., Ireland, Finland, Denmark, Sweden and Norway last year.

Netflix’s stock increased $4.56, or 2 percent, to $233.39 in morning trading Wednesday.

 

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