Netflix eyes Latin America

Online movie streaming service Netflix is working on a push into Latin America and is close to announcing deals with three of the continent’s largest broadcasters to begin streaming programming online in Argentina, Brazil, Chile and Mexico, the Financial Times reports, citing several people briefed on the plans.

According to the Financial Times , Netflix is negotiating to purchase telenovelas as well as other content material from Grupo Televisa and TV Azteca of Mexico and Globo of Brazil.

Bloomberg earlier reported that Walt Disney, Lions Gate, Universal Pictures and Viacom’s Paramount Pictures, were in discussions with Netflix for Latin America rights.

Latin America would become Netflix’s third market, after the company made its first foray outside of the US in 2010 when it launched a Canadian subscription service.

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