Netflix (NASDAQ:NFLX) is expanding its service to more European countries, and the stock is up. What does this move mean for investors?
On today's Investor Beat, host Chris Hill and Motley Fool analyst Eric Bleeker explore Netflix's recent move abroad. Chris explains that the stock is up after reports that Netflix will be expanding into six more countries in Europe. Furthermore, Chris calls the move "smart" following the success of its previous expansion. Eric says that the move isn't particularly difficult, but it takes reacquiring media rights in the various countries. With the number of prospective new members equaling half of the American population, Eric sees this as an opportunity for Netflix to justify its current stock price.
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Chris Hill has no position in any stocks mentioned. Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.