Netflix has reached an agreement with Twentieth Century Fox that will bring a ton of popular TV shows and movies to subscribers in Latin America, the company announced today.
The move is part of Netflix’s effort to drive its streaming video service into new international markets by leveraging its revenue from its domestic subscriptions. Netflix’s Latin America service, which launched back in September 2011, has seen slower than expected growth, according to the company’s Q1 2012 earnings report. That slow growth has caused it to rethink its expansion efforts to focus on markets with a solid broadband Internet infrastructure already in place.
Netflix is hoping this new (likely expensive) deal with Fox’s TV distribution unit will boost those subscription numbers heading into the second quarter.
The deal will bring Latin American subscribers all past seasons of 24, Prison Break, The X-Files, and Arrested Development as well as both current and past seasons of How I Met Your Mother, Glee, and Bones. The deal also includes streaming agreements for plenty of popular movies, such as Gentlemen Prefer Blondes, Wall Street, Office Space, and others.
The Fox content will begin rolling out July 1, with additional TV series and movies being added over the next few years.
Image via Fox