Published Date : 2012-05-14 09:00:00

Category : Consumer Discretionary |

Netflix Expands Into Latin America With Twentieth Century Fox Lineup

 

Not only did Netflix Inc. (NASDAQ:NFLX) recently announce it will expand its services into Latin America, it will also introduce a new lineup of TV shows that will include those presented by News Corp.'s Twentieth Century Fox.

According to Bloomberg, the new deal will allow Netflix users in Brazil and other parts of the region to stream hit TV shows like Glee, 24, Prison Break and The X-Files on their computers or televisions beginning July 15. Certain films will also be allowed to air in the region.

"We are thrilled to be bringing such favorites to our members in Latin America and Brazil," said Jason Ropell, Netflix Vice President of Content Acquisition.  "Our partnership with Twentieth Century Fox continues to grow and benefit Netflix members around the world."

The company, which offers instant downloads of TV programs and movies, is attempting to maintain positive growth after upsetting a large portion of its customer base with recent price increases, the media outlet stated. Since the price hike, the company has significantly increased the number of streams available.

Jay C. Hoag, Netflix director, made a market purchase of 84,200 shares valued at $74.39 each for $6.26 million, according to insider trading filed with the SEC.

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