Magazine article Screen International

Netflix Said to Be Targeting Far East Launch for Late 2012

Magazine article Screen International

Netflix Said to Be Targeting Far East Launch for Late 2012

Article excerpt

Following Tuesday's revelation about Spain the company continues to plot its rapid streaming-only global deployment and aims to be operational in select Asian territories by the end of next year, people with knowledge of the situation have told Screen.

The California-based rental service, with a market cap of $12.6bn and close to 28m North American subscribers, is eyeing a roll-out in Asian markets with robust broadband infrastructure such as Japan and South Korea.

The development follows a report on Screendaily in which Pedro Perez, president of the Spanish producers association FAPAE, confirmed Netflix had approached members ahead of a planned 2012 launch in the piracy-stricken European territory.

In earlier unconfirmed reports, the company is believed to have struck a deal with Lionsgate UK and potentially others, signalling a content grab ahead of a first quarter 2012 launch in that market.

In-country sources told Screen that Netflix executives had visited London and Spain over the past month to meet with networks, studios and independent distributors. …

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