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Netflix set to launch in Sweden this year

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Netflix set to launch in Sweden this year
13:20 CEST+02:00
Netflix, the US company which offers online film streaming and DVD delivery by mail, will launch its services in Denmark, Finland, Norway and Sweden by the end of the year, it said on Wednesday.

Netflix "will offer streaming of TV shows and movies for one low monthly price in Norway, Denmark, Sweden and Finland before the end of 2012," it said in a statement.

Subscribers will be able to watch "a wide array of Hollywood, local and global TV shows and movies," it added, however the company provided no details about subscription rates as yet.

In the US and Canada, over 23 million people are members of the company, paying $7.99 each month for the service.

When Netflix published its quarterly earnings in July, the California-based group said its fourth-quarter launch on its "next international market" would "drive us temporarily back into the red."

Netflix was launched in the United States in 1999 and has expanded to Britain, Canada and Latin America over the past two years.

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