Netflix looking to expand internationally
Posted: Feb 28, 2015 10:38 AM EST
Netflix wants to rule the world when it comes to streaming content. The company's stock has soared this year climbing 40 percent.
Even with U.S. subscription growth slowing to under 2 million in the fourth quarter, Netflix is setting its sight overseas.
Netflix is already available in nearly 50 countries and it's looking to expand to 200 within two years.
It's also not available in markets like China and Russia.
"If they really want to be a Latin American a European, an Asian company that's producing content, then they need offices and content production in all those different locations for all those different audiences and all their different expectations," said Max Wolff of Manhattan Venture Partners.
Even with U.S. subscription growth slowing to under 2 million in the fourth quarter, Netflix is setting its sight overseas.
Netflix is already available in nearly 50 countries and it's looking to expand to 200 within two years.
It's also not available in markets like China and Russia.
"If they really want to be a Latin American a European, an Asian company that's producing content, then they need offices and content production in all those different locations for all those different audiences and all their different expectations," said Max Wolff of Manhattan Venture Partners.
Analysts say Netflix will have to spend big bucks to keep its rivals at a distance. And if it costs more money than expected, analysts warn investors may get worried.
