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Netflix expands to 130+ additional countries; shares +6.2%

Jan. 06, 2016 1:05 PM ETNetflix, Inc. (NFLX) StockBy: Eric Jhonsa, SA News Editor95 Comments
  • In an announcement coinciding with CEO Reed Hastings' CES keynote (live blog), Netflix (NASDAQ:NFLX) says its streaming services are now available in over 130 additional countries, bringing the company's total count above 190. Arabic, Korean, and Chinese language support has also been added; 17 languages were previously supported.
  • The new countries include India, where Netflix's services are offered for INR500-INR800/month ($7.48-$11.98/month). China remains uncovered - Netflix says it "continues to explore options" for expanding into the Middle Kingdom.
  • Shares have spiked above $113 following the announcement.
  • Update: Other markets Netflix is expanding into include Russia, South Korea, Turkey, Nigeria, Poland, and Vietnam.

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