Netflix expands to more Asian countries

Netflix's international expansion

Video-streaming giant Netflix will launch in Singapore, Hong Kong, South Korea and Taiwan in early 2016 as it moves to complete its global rollout by the end of next year.

The company will open an office in Singapore in the coming months, making it a hub for expanding its footprint in the region.

"As the central hub in Southeast Asia, Singapore is a sophisticated and diverse place that will find much to love about the Netflix service," said Reed Hastings, chief executive officer of Netflix.

"The combination of increasing Internet speeds and availability of smart phones and TVs will provide consumers with the anytime, anywhere ability to enjoy their favorite movies and TV shows on Netflix."

Netflix, which currently operates in over 50 countries with a subscriber base of 65 million, made its first foray into Asia earlier this month by launching its services in Japan.

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Details on pricing and programming for the new markets will be available at a later date, the company said.

Monthly plans start at $8.99 a month in the U.S., its home market. In Japan, the company offers a tiered pricing structure starting at 650 yen ($5.41) per month for the basic plan, going up to 1,450 yen for the premium account, which includes ultra-high definition streaming.

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