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Netflix gets set to invade Southern Europe

Already available in Germany, Austria and elsewhere, the US-based streaming-video service says it will expand to Spain, Portugal and Italy later this year.

Netflix will add three more countries to its stable, as it looks to offer its service worldwide. Claire Reilly/CNET

Netflix announced Saturday that its service will arrive in Portugal, Italy and Spain in October, allowing Internet users from those countries to subscribe and stream a broad selection of TV shows and movies.

At launch, the company says, it will offer localized versions of its original series and films, including "Daredevil," "Sense8," "Bloodline," "Grace and Frankie," "Unbreakable Kimmy Schmidt," "Marco Polo," "Beasts of No Nation," "Crouching Tiger, Hidden Dragon II: The Green Legend," "Jadotville," and "Ridiculous 6." Other titles are expected to be added promptly. The content will be localized via subtitles or dubbing and will be available in the high-resolution formats Hi-Def and Ultra HD 4K.

Netflix didn't announce pricing for the new countries. In the company's other European markets, including Germany, Austria, Switzerland, France, Belgium and Luxembourg, the service costs €7.99 (about $9) per month, after a one-month free trial.

When the three new countries officially arrive on the roster, Netflix will be available in about 50 countries, 13 of which are European. The company aims to be available in 200 countries by the end of the year -- effectively offering its service worldwide. Currently, when traveling to countries that are not yet on Netflix's list -- such as China, Thailand or Vietnam -- subscribers will need to use a VPN service to access the service.

Netflix's stock has been on a steady rise. On Friday, the company's shares closed at $633.22, marking an 85 percent increase this year.