Netflix Hits Latin America

Netflix, the streaming service has provided its Brazilian service in Portuguese language only, which costs 14.99 Brazilian real (about $9.35) per month. Then on Wednesday, a Spanish version of Netflix will arrive in Argentina, Uruguay and Paraguay. In Argentina, the service costs 39 Argentine pesos (about $9.28), while in the other two countries, it will cost $7.99 per month.

On Thursday, Netflix will release additional service in Bolivia, Colombia, Venezuela, Peru and Ecuador. In June this year, Netflix announced the Latin America expansion. Previously, the streaming service had only been available in the U.S. Netflix is reportedly planning to launch in Europe in 2012.

The expansion comes as Netflix faces some challenges in its core market, namely consumer opposition to a new pricing plan announced in July and a reported rival service from Dish Network. Dish Network is also said to be bidding on Hulu, which provides a competing streaming service and recently expanded into its first foreign market, Japan. To make matters worse, Netflix will also lose content from Starz on February 28.

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