Netflix to Distribute Televisa Programs in Latin America
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Netflix Inc., the mail-order and online film-rental service, agreed to carry programs by Grupo Televisa SA, the world’s largest Spanish-language broadcaster, as it expands into Latin America.
The multiyear deal calls for providing 3,000 hours of programming a year, including the soap operas known as telenovelas, Televisa said today in a statement to the Mexican stock exchange. Netflix plans to start the service by the end of the year, the Mexico City-based company said.