Dutch Customers Gain Access to Netflix

By Technology FOXBusiness

Netflix (NFLX) officially launched its movie streaming service in the Netherlands on Wednesday, making good on a promise from earlier this year.

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The expansion brings the number of countries Los Gatos, Calif.-based Netflix has entered to 41. 

Dutch customers will gain access to four Netflix-only series, including House of Cards, Hemlock Grove, Arrested Development and Orange is the New Black, as well as a number of other episodes and movies, including comedy Modern Family.

The service will be available for 7.99 euros ($10.50) a month.

"We're proud to bring the future of television to the Netherlands," Netflix CEO Reed Hastings said in a statement. “The Dutch have incredible broadband, but until today have not been able to take full advantage of their fast connections.”

Shares of Netflix have rebounded close to 250% since the company’s missteps two years ago where it announced plans to raise prices and split its DVD service from its streamlining operations.

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While the company had to initially postpone expansion plans as it mended customer backlash in its domestic market, it has since began entering new high-growth markets like the Netherlands.

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