Netflix to launch in Costa Rica next Monday

September 5, 2011

Netflix, the California-based video rental company, will launch its movie and TV streaming service on Sept. 12 in Costa Rica. The company began service in Brazil on Monday and will expand into 43 other countries in Latin America and the Caribbean by next week.

Although Netflix offers DVD delivery service in the U.S., its Latin American expansion will only allow for streaming from the thousands of movies and TV shows on the company’s website.

The subscription cost for the unlimited streaming of movies and TV shows via the Internet will be $7.99 per month in Costa Rica.

“We are excited to be bringing Netflix to Latin America and the Caribbean,” said Reed Hastings, co-founder and Chief Executive Officer of Netflix in a press release. “People throughout the region are online in ever-greater numbers and they love movies and TV shows.”

But Netflix faces challenges with its push into Latin America. High-speed broadband Internet reaches significantly fewer homes than in the U.S.  Additionally, Netflix will have to compete with pirated movies that can be bought for a dollar on the street.

As of March 2011, Netflix had 22.8 million subscribers in the U.S. Netflix already expanded to Canada in 2010. But company stock prices have dropped due to price increases announced in July and stalled contract negotiations between Netflix and Starz, a main provider of Netflix’s streaming library.

For more information, visit www.netflix.com

Facebook Comments

You may be interested

Costa Rica to begin administering HPV vaccine
Costa Rica
2 views
Costa Rica
2 views

Costa Rica to begin administering HPV vaccine

Alejandro Zúñiga - April 25, 2019

The Social Security System (CCSS) announced Wednesday that Costa Rica will begin administering the human papilloma virus (HPV) vaccine as…

Costa Rica approves law against child abuse prepared by alleged victims of priest
Costa Rica
8 views
Costa Rica
8 views

Costa Rica approves law against child abuse prepared by alleged victims of priest

AFP and The Tico Times - April 24, 2019

Costa Rica’s congress approved on Tuesday a bill that extends the statute of limitations for the crime of sexual abuse…

International drug rehab in Costa Rica with the Costa Rica Treatment Center
Sponsored content
12 views
Sponsored content
12 views

International drug rehab in Costa Rica with the Costa Rica Treatment Center

The Tico Times - April 24, 2019

Costa Rica Treatment Center understands the process of addiction recovery from personal experience. Their evidence-based treatment programs are engineered to…

Do NOT follow this link or you will be banned from the site!