Netflix announced today it will expand into South Korea, Singapore, Hong Kong and Taiwan in early 2016.
The move extends Netflix’s reach in the Asia-Pacific region. The streaming service went live in Australia and New Zealand back in March and recently launched in Japan. It has reportedly been in talks with Chinese media companies such as Wasu Media Holdings about partnering on an expansion into China, but it has been hampered by the country’s notoriously difficult regulatory system.
Netflix is also scheduled to launch in Spain next month and in Italy and Portugal by the end of 2015, and it plans complete its global roll-out by the end of next year.
In a July conference call with financial analysts following the announcement of the company’s Q2 2015 financial results, Netflix president, chairman and CEO Reed Hastings said, “we still have some things to figure out [in China]… but in the rest of the world, we’re pretty confident that we’ll open. And then we’ll have to see how successful we are in Poland. We have to see how successful we are in Indonesia. So there’s still a lot of work to do.”