"Excellent" Canadian results has Netflix eyeing new content, expansion

By Lesley Hunter

LOS GATOS, CA – Netflix has done so well since its launch in Canada four months ago that it is planning to expand in to a second international market later this year.In a letter to shareholders earlier this week detailing the company’s Q4 financial results, Netflix CEO Reed Hastings described the company’s Canadian results as “excellent”, and predicted that the service will have between 750,000 and 900,000 Canadian subscribers by the end of March, 2011.While Netflix declined to specifically break out the current number of Canadian customers, it did report 3.08 million new subscribers overall in its fourth quarter ended December...