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This photo made Tuesday, July 20, 2010, a Netflix customer holds up a movie in Palo Alto, Calif. (Paul Sakuma/AP)
This photo made Tuesday, July 20, 2010, a Netflix customer holds up a movie in Palo Alto, Calif. (Paul Sakuma/AP)

Netflix moves big into Latin America Add to ...

Netflix is expanding its movie and TV show streaming service into 43 countries throughout Latin America. It's the online movie rental company's largest international expansion yet.

Its stock rose to a 52-week high of $283 (U.S.) on the news.

Netflix Inc. said on Tuesday that its subscribers in Mexico, South and Central America and the Caribbean will be able to watch TV shows and movies streamed on a wide range of gadgets starting this year.

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The company did not announce a pricing plan or say exactly when the service will be available.

Netflix launched its streaming service in the U.S. in 2007 and in Canada last year.

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Security Price Change
NFLX-Q Netflix Inc. 439.55 -11.63
-2.578 %
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