Netflix set to launch in 43 Latin American, Caribbean countries this year

As expected, Netflix is readying a launch of its online video subscription service in Latin America and the Caribbean. The company said it will begin offering the service later this year.

Netflix in September launched a streaming service in Canada, its first foray into the international market. It offers a streamig-only option there for $7.99 a month.

In a letter to investors last quarter, Netflix highlighted its success in Canada and said it would look to expand to another market this year.

Netflix this morning announced it would launch in 43 countries in Central and South America and the Caribbean, but didn't specify a date for the launch or pricing. Netflix said content would be available in English, Spanish and Portuguese, and would be available on a range of consumer electronics devices capable of streaming from Netflix, as well as on PCs, Macs and mobile devices.

Netflix CEO Reed Hastings has repeatedly said that international expansion was a major key to growth for the company.

For more:
- see this Netflix statement

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