Netflix to stream in almost all countries, skips China


Video streaming company Netflix Inc (NFLX.O) on Wednesday launched its services in 130 countries, covering almost the entire globe except China, as part of efforts to counter slowing growth in the United States.

Shares of the company, whose popular shows include “House of Cards”, “Orange Is The New Black” and “Narcos”, rose 5.5 percent to $113.60 in afternoon trading.

India, Nigeria, Russia and Saudi Arabia were among the major countries where the service was launched, Chief Executive Reed Hastings said at the Consumer Electronics Show in Las Vegas.Read More

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