Netflix expands operations in more than 200 countries, allows customers pay with one click

Monday 11 January 2016 09:39 CET | News

Netflix, a US multinational provider of on-demand internet streaming media, is now available in an additional 130 countries, over 200 in total, and is partnering with telecommunication companies to let users sign up and pay with a single click, announced CEO Reed Hastings.

However, Netflix CEO admitted that content rights and e-payments are a challenge. Netflix expanded its footprint beyond an initial 60 countries to regions as diverse as Azerbaijan, India and Nigeria, although China is still not covered, Hastings notes, reports. Hastings said entertainment and technology are continuing to transform each other as they have done for over 100 years, from radio to broadcast TV, to cable and now internet TV.

He believes internet TV “allows us to redefine what is possible” and has created a revolutionary shift from corporate control to consumer control, as TV can now be watched at any time and on any device. Key to this, of course, is internet speed. Hastings said the reason Netflix adoption is so high is not just that devices are getting smarter and cheaper and more widely adopted, but because the internet on them has become faster and more reliable.

He explained that Netflix engineers are working to compress data through advanced coding in order to deliver data fast and well on any device in any broadband condition. Netflix has partnered with companies like Samsung, LG, Microsoft and Google and “helped them unlock the value of smart devices and along the way helped consumers discover the value of entertainment on demand”.

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Keywords: Netflix, expansion, online payments, digital content, entertainment, pay per view, subscription, consumers, internet, global
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce