France Bristles as Netflix Advances in Europe

September 13, 2014 2:28 PM

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France Bristles as Netflix Advances in Europe

Netflix is tapping into six new markets Monday hoping to gain a big subscriber base around Europe, but is facing a frosty welcome in France. Well-established French competitors are trying to head off a Netflix wave, the government wants oversight and the cinema industry wants Netflix to invest heavily in French productions.

The video-streaming giant, which has more than 50 million subscribers in 40 countries, this year earmarked $400 million to expand further internationally. It's launching now in Germany, Austria, Switzerland, France, Belgium and Luxembourg, after setting up in Britain, Ireland, Denmark, Finland, Norw...

Also read: Netflix shares surge on strong third-quarter earnings and subscriber growth

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