Netflix Expands in 130 Countries

Big news for Netflix this week - the popular streaming service launched in 130 new countries including Russia, Saudi Arabia and South Korea. Netflix content will be available in these countries in English, in addition to an updated 21 languages. The announcement of what CEO Ted Sarandos is hailing as "the birth of a global TV network" sent shares up nearly 6% on Wednesday. According to sources, next on the table for Netflix this year is the introduction of high dynamic range 4K videos. Read more on the global expansion of Netflix here.