Netflix announced earlier this month that it was becoming available in 130 more countries, causing it’s stock to fly sky high the following day. You can now watch Netflix in Afghanistan, India and Russia, as well as a plethora of other countries both small and large. The only countries which haven’t decided to get on board with Netflix are China, Crimea, North Korea and Syria. Of those, Netflix executives hope that China will come on board soon, and the other 3 probably won’t be getting Netflix anytime soon for political reasons.
While this announcement did have a very positive effect for Netflix stock, Netflix announced a plan that includes $5 billion dollars of spending for 2016. They are coming up with a lot of their own, original content, because as more streaming services enter the market, it is not as easy to get exclusive rights to all of the things that people really want to watch. Netflix’ original content has been wildly successful and well produced, so they are focusing on that in the coming year, which is a highly expensive endeavor. It seems that the company hopes that by expanding to so many countries, they can cover their expenses and then some in this new year.
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