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Netflix, Inc. (NFLX) Releasing First Original Spanish Film Next Month

Netflix Inc (NASDAQ:NFLX)

Netflix, Inc. will release its first original Spanish film at the end of next month in 190 countries. Starring Spanish actor Paco Leon, Seven Years will make a debut on October 28, according to a report published on news website Variety.com.

Seven Years: A Story About Four Friends

Seven Years is a story of four friends and founding-partners in a company. One night, they are forced to find a solution to save their friendship and themselves. But there is a complicated decision to make: Who is going to sacrifice his freedom to save the rest from personal and financial ruin, according to the news report.

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Seven Years is directed by Goya-Award winner Roger Gual (Smoking Room, Tasting Menu) and is written by Jose Cabeza and Julia Fontana. The film is produced by Colombian Cristian Conti at Barcelona-based Cactus Flower and Argentine composer-producer Federico Jusid at Madrid-based Metronome for Netflix.

Paco Leon is the star of Spanish TV primetime hit comedy Aida and director of a string of Spanish hits – Kiki, Love to Love, Carmina or Blow Up. Seven Years cast also includes Spain’s Alex Brendemuhl and Manuel Moron plus Colombia’s Juana Acosta and Juan Pablo Raba.

On Oct. 20, Netflix will celebrate the completion of its first in Spain. The streaming company announced its first local original TV drama earlier this year. The drama, titled Las chicas del cable, is about four women who were hired as switchboard operators at Spain’s sole telephone company in Madrid.

“After our launch in Spain last year and with the country’s long film tradition, it is an honor to present now this great project that we will bring to 190 countries,” Netflix Chief Content Officer Ted Sarandos said in a statement.

Netflix Expanding Globally

At the end of the first quarter, Netflix had 34.5 million international subscribers and 47 million U.S. subscribers. The online streaming giant expanded to more than more than 130 new countries including India early this year. The video streaming company has 81 million customers across 190 countries.

Over the last couple of years, Netflix has been rolling out its service in foreign markets. Since domestic subscriptions have become sluggish in the last several quarters, the company had no other alternative but to stream in nearly 200 countries. The slow growth in the U.S. has had investors very worried.

For the third quarter, the video streaming giant expects to add just 400,000 new paid subscribers in the United States and 2.1 million internationally. According to a new report by IHS Markit, a majority of the video streaming company’s subscribers will be international in the next two years. Netflix’s global subscriber base will actually outpace U.S. subscribers by the year 2018.

By 2020, Netflix will have roughly 75 million international users. In that same year, its global revenues will exceed $13 billion, with more than half (53%) of that coming from international markets. The U.S. streaming market will generate $6.2 billion in revenues, according to the report.

A new study has found that Netflix is not only helping the way all of us are consuming content, the streaming service is also helping children see fewer ads in their lives every single year.

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