IMG_0656-2_r900x493

Netflix Strives For World Domination With Global Launch

By Jennifer Van Grove
The San Diego Union-Tribune.

LAS VEGAS

Netflix’s ambitions to take over the world of television were cemented Wednesday at CES in Las Vegas with the announcement that the streaming service is now available in nearly country except for China.

“When we started the company 20 years ago, we dreamed of the day when the Internet would have enabled us to deliver TV shows and movies to the billions of people with whom we share the planet,” said Reed Hastings, Netflix chief executive, during the company’s keynote address. “While we have been on stage, we switched Netflix on in Azerbaijan, Vietnam, India, Nigeria, Poland, Russia, Saudi Arabia, Singapore, South Korea and 130 new countries.”

The news marks an important international step forward for the service, which was previously available in 60 countries. The widespread availability should help Netflix massively boost audience numbers, currently totaling more than 70 million homes.

Wall Street was more than a little encouraged by the aggressive expansion and bolstered the stock by more than 9 percent following the announcement.

During the keynote address, Netflix cycled through the history of television and painted a picture of a future of entertainment that is anything but linear. Though company executives where careful not to disparage cable companies or more traditional content creators, Netflix wasn’t shy about its ambitions. The company believes that it, along with global adoption of the Internet, has irrevocably changed television, removing the limitations imposed by a programming schedule that favors corporations over consumers.

“We live in an on-demand world and there’s no going back,” Hastings said.

To prove his point, the Netflix chief touted the company’s latest streaming figures. Netflix, said Hastings, streamed 12 billion hours of content during the fourth quarter of 2015, up from 8 1/2 billion hours in the same period one year ago.

Related News

Leave a Reply

Your email address will not be published. Required fields are marked *