Whoa! This is major news!
Netflix is broadening its horizons and South Africa will be among one of the 200 countries that Netflix expands to in the next two years, a spokesperson for the subscription video on demand service told MyBroadband.
The confirmation comes after Netflix informed shareholders on 21 January 2015 that it would be able to complete its international expansion strategy earlier than expected.
Netflix explained that its strategy has been to expand as fast as it can while staying profitable on a global basis-can’t say that we’re complaining!
“Progress has been so strong that we now believe we can complete our global expansion over the next two years, while staying profitable, which is earlier than we expected,” Netflix CEO Reed Hastings and CFO David Wells told shareholders.
Asked to confirm that South Africa forms part of its global expansion plans, Netflix stated that it intends to be fully global by the end of 2016.
“We have not provided details of when we plan to go where, but you can be confident South Africa is among the countries we intend to serve sometime in the next two years,” Netflix said.
You know what this means don’t you? Finally being able to live stream and keep up-to-date with the latest TV shows, movies and more! Hoorah! We can’t wait!