Netflix Launching Streaming Service in Cuba
Netflix has become one of the first companies to enter Cuba’s nascent digital entertainment industry, although few consumers are likely to immediately enjoy the benefits. There are only 5300 broadband internet accounts on the Caribbean island, where low wages mean Netflix’s streaming of television and film content will cost almost half of an average Cuban’s monthly wage.
“We are delighted to finally be able to offer Netflix to the people of Cuba, connecting them with stories they will love from all over the world,” said Netflix chief executive Reed Hastings in a statement on Monday. “Cuba has great film-makers and a robust arts culture and one day we hope to be able to bring their work to our global audience of over 57 million members.”