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Rumor: Netflix Planning Euro Expansion In 2012

According to a Variety report, “a few European film distributors” are saying that Netflix has told them that the compnay plans to expand their operations into the U.K. and Spain starting the first quarter of 2012.

The rumored expansion into Europe would put Netflix in direct competition with existing services like Lovefilm and BSkyB, and would add to their estimated [by Michael Pachter] global revenues of $2 billion by 2012.

Neither the U.K. or Spain appeared on a list of 43 countries disclosed by Netflix earlier this month, however the company has recently been on the move globally with a scheduled expansion into Latin America and the Caribbean before the end of 2011.

Source: Variety

About Justin

Justin
A gamer since the Intellivision days in the early 80′s, who started writing about and covering the video game industry in 2008. In his spare time he is also a bit of a gun-nut and Star Wars nerd.

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