Netflix is to launch its subscriber video streaming service across 43 countries in Central America, South America and the Caribbean this year, marking the next phase of its international expansion. The company said that customers in those regions will gain access to local and foreign TV programmes as well as films in English, Spanish and Portuguese.

The company’s market entry to Latin America follows its move into Canada, which was its first international market. It is expected that the investment will lead to some initial losses, although the company had previously indicated that it would lose between $50-70m during the second half of the year on overseas operations.