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Tech Times: Netflix strives for world domination with global launch

Published:Monday | January 18, 2016 | 1:00 AM

Netflix's ambitions to take over the world of television were cemented at the recently held CES in Las Vegas with the announcement that the streaming service is now available in nearly every 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 totalling more than 70 million homes.

Wall Street was more than a little encouraged by the aggressive expansion and bolstered the stock by more than nine per cent following the announcement.

- TNS