Netflix Expands Streaming in 43 Latin America Countries

Jul 5, 2011
J. Webster
Comments Off on Netflix Expands Streaming in 43 Latin America Countries

Netflix is a stock that’s at once loved and hated, the ultimate growth stock and the ultimate short. Famously, the Netflix CEO, Reed Hastings, even went so far as to tell a trader shorting the NFLX, Whitney Tilson, to get out while he could, as the stock is only going to go up.

Now, what with Netflix going global with streaming, you can see why. The question is, what other company can step in and stop Netflix from cornering the market on direct to TV streaming and movie delivery? There doesn’t seem to be one. Netflix is a monster. The stock is up 7% on the news and at a 52 week high of $291.23 a share.

Netflix the leading Internet movie subscription service, today announced it will expand to 43 countries throughout Latin America and the Caribbean later this year, offering unlimited TV shows and movies streaming instantly over the Internet to TVs and computers for one low monthly subscription price. Netflix has been streaming to U.S. members since 2007, adding the service in Canada last year.

Upon launch, Netflix members from Mexico, Central America, South America and the Caribbean will be able to instantly watch a wide array of American, local and global TV shows and movies right on their TVs via a range of consumer electronics devices capable of streaming from Netflix, as well as on PCs, Macs and mobile devices.

Members in the region will be able to access Netflix in Spanish, Portuguese, or English, depending on their preference.

Of course, some interesting Tweets about Netflix’s stock today as well. Most are very positive and see Netflix as a game changer of a stock. If you do a search for Netflix on Twitter most tweets will call Netflix a ‘beast’ or a ‘monster’ of a stock.

@optionmonster Jon Najarian
Much easier to grab growth via streaming for NFLX. Parallels to cell vs land line telcos

@optionmonster Jon Najarian
Exactly RT @Dasan @optionmonster streaming also means no distro centers in foreign countries- just servers around the world for NFLX

@terranovajoe Joe Terranova

no reason to short $NFLX, I tried once and was wrong

What’s your take on NFLX? Are you a buyer in the growth or is it time to short the stock? Europe is next and the rest of the globe beyond for Netflix. I’d say you’d have to have some guts to short the stock. And it’s more likely that a Apple or perhaps even a Google will come and in and buy Netflix out right.

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