Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Sunday, April 24, 2011

Netflix eyeing Latin America, Britain for next international launches..

While Wall Street eagerly awaits word on where Netflix will expand next overseas, the fast-growing home entertainment company has signaled its plans to Hollywood.

According to entertainment industry insiders, Netflix executives have said they plan to expand soon to Latin America -- with Mexico and Brazil considered particularly promising markets -- and Britain.

A spokesman for Netflix declined to comment on the company's plans abroad.

Netflix launched in Canada last September and expected to have as many as 900,000 subscribers there by the end of March. The company previously told investors that if growth in that country continued to be strong, it would expand into other foreign countries in the second half of 2011.

Investors and observers have been looking for clues as to where Netflix will next offer its online video service in order to gauge its global growth prospects.

Britain could pose a particular challenge, as it's the first country in which Netflix will face a direct competitor. LoveFilm, which in January was acquired by Amazon.com, offers a similar service there.

For much more on the challenges Netflix faces, including potential competitors, see the story in tomorrow's Times.

Thank you Hollywood Reporter


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