ADVERTISEMENT

Netflix enters Hungarian market

Competition

FLICKR / Marit & Toomas Hinnosaar (https://www.flickr.com/photos/hinnosaar/2655128664)

Online video streaming service Netflix launched services in Hungary yesterday, and in more than 130 countries simultaneously, including all Eastern European countries, according to reports.

(Photo: Flickr/Marit & Toomas Hinnosaar)

Co-founder and Chief Executive Reed Hastings made the announcement yesterday in Las Vegas in his keynote speech via live stream. With the move Netflix has expanded its global reach from 60 countries.

New subscribers in Hungary will receive their first month for free, with package prices ranging from €8 to €12 per month after the trial period.

“Today you are witnessing the birth of a new global Internet TV network,” Hastings said in his keynote speech. “With this launch, consumers around the world – from Singapore to St. Petersburg, from San Francisco to Sao Paulo – will be able to enjoy TV shows and movies simultaneously – no more waiting. With the help of the Internet, we are putting power in consumers’ hands to watch whenever, wherever and on whatever device,” the chief executive said.

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.