Netflix to Launch in Australia, Village Roadshow CEO Claims
By Anne Lu | June 30, 2014 3:05 PM EST
The headquarters of Netflix is shown in Los Gatos, California in this file photo taken September 20, 2011. Netflix Inc reported higher profit that beat Wall Street expectations for the quarter that ended in March, boosted by the addition of 2.25 million customers to its movie and TV streaming service in the United States. REUTERS/Robert Galbraith/Files
The film production company, which distributes films in Australia, has confirmed that the U.S. on-demand Internet streaming media is in negotiations to launch in Australia.
The CEO did not say when the streaming company will arrive Down Under, though.
His comment comes weeks after the on-off rumours of Netflix’s arrival in the country.
The report of Netflix’s supposed launch has been around for months, though it has been intensified in May when The Australian claimed that the company was planning to occupy the Aussie market within the next 12 months.
And just in case that Netflix was really considering doing that, local networks have made deals with other telco and digital TV companies to offer streaming services as well.
However, Netflix has quickly doused Aussies’ hope that they would be able to subscribe from the company any time soon.
“No current plans to launch in Australia,” a spokesperson from the company told Gizmodo. “We do want to be global, so one day we should be there, but we have no current Australia launch schedule.”
As for the recent comment by Burke, Netflix chief financial officer David Wells said that it’s unlikely to happen now.
The online streaming giant’s current priority is its expansion in Europe, which means that its launch in the Australian market is not yet in its horizon.
Wells told Australian Financial Review that “before we launch another substantial expansion, that we’re pretty confident in our existing performance in the markets we have today.”
In the U.S., Netflix is available to subscribers for U$7.99 per month. And while Australians aren’t able to watch its products, there are some people who are able to bypass geoblocks to subscribe to the service using VPN (virtual private network).
To contact the editor, e-mail:
Most Popular Slideshows
- Pope Francis Meets Sudanese Woman Who Was Spared Death for Apostasy (PHOTOS)
- Malaysia Airlines Flight MH17: King Williem-Alexander, Queen Maxima Hold Solemn Reception Ceremony for Victims
- Jennifer Lawrence & Nicholas Hoult Allegedly Split: Mad Max Actor Cheats with Kristen Stewart & Riley Keough - Reports
- Transfer News: FC Barcelona Shockingly Sign Valencia Defender [PHOTOS]
Join the Conversation
- Kate Middleton Pregnancy Reports: The Truth Behind the Duchess Miscarriage
- Young and the Restless July 28- August 1 Spoilers, Cast News: Updates on Devon, Hilary, Chelsea, Billy, Jack, Phyllis Plus Criminal Minds Actor Returns
- Game of Thrones Season 5 Spoilers: Daenerys Targaryen vs Yezzan, Nymeria Sand Actress Announced at Comic Con 2014
- Sons of Anarchy Charlie Hunnam Heartbroken about Walking Away from Fifty Shades of Grey [VIDEO]
- The Walking Dead Season 5 Official Trailer Released Plus Premiere Date, Spoilers: Gun Battle, Zombies, Beth Greene [VIDEO]
- Apple iPhone 6 on Two Confirmed Release Dates, New Parts Leaked Suggesting Bigger iPhone to Come
- Nexus 5 and Nexus 7 Android 5.0 L Material Design Coming with More Interface Changes
- Xiaomi Mi4 vs OnePlusOne vs Nexus 5: Mi4 is the ‘Perfect’ Phone
- Israeli Women Stripping Naked for IDF Soldiers
- Samsung Galaxy S4 LTE-A Android 4.4.2 KitKat Update Rolls Out: When to Hit Your Region
- HTC One M8 Android 4.4.3 KitKat Update Roll Out, Introducing the HTC One Remix
- Shocking Video of Pedigree Dog Culling in Bali Emerges [Video]