Reed Hastings, CEO of Netflix, speaks during an LG press conference prior to the 2014 International CES, a trade show of consumer electronics, at Mandalay Bay in Las Vegas, Nev., on Jan., 6, 2014. Netflix, the widely popular Internet video service, will expand into Italy, Portugal and Spain in October, the company said Saturday. File Photo by UPI/Molly Riley |
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"This autumn, Internet users in Portugal will be able to subscribe to Netflix and instantly watch a broad selection of TV series and movies in high-definition or even Ultra HD 4K on nearly any Internet-connected screen," the company said in written statement, using the same language for the Italy and Spain launch.
"I think Spain is going to be one of our most successful countries," Hastings said. "There is a very high penetration of broadband Internet, and people are used to e-commerce and have shown they are interested in our product."