Netflix, Inc. (NFLX) is reportedly launching in Australia next year

Posted Jun 28, 2014

Netflix, Inc. (NASDAQ:NFLX) is preparing to launch in Australia next year, according to Village Roadshow Pictures co-CEO Graham Burke. Village Roadshow is a leading Australian film company that has released films like The Great Gatsby and The Matrix Trilogy.

“They’re talking to our people about supply of products, so they are opening and coming to Australia,” said Burke. He added that Netflix is “opening operation in Australia next year.”

Netflix would have to sign local content deals to expand there. There is a rumor that the Seven Network has considered making deals with other telecommunication and digital TV companies, including Freeview, Quickfix, and Optus.

Netflix has an estimated 50,000-200,000 subscribers where people use VPNs to get around geo-blocking.

[Source: TechSpot]