Telefnica to integrate Netflix service into its TV and video platforms

Madrid/Los Gatos, Calif., May 24, 2018. Netflix Inc. (NASDAQ: NFLX), the world's leading Internet entertainment service, and Telef nica (NYSE: TEF:US), one of the largest providers of integrated telecommunications services in Europe and Latin America, announced a global partnership to integrate Netflix's service into Telef nica's TV and video platforms in these two regions.

This agreement is a big step forward in Telef nica's bet on open innovation and collaboration with leading companies around the world , said Jos Mar a lvarez-Pallete, Executive Chairman of Telef nica. We want to offer our customers the most compelling video offering possible, whether it's our own content or third party providers. The partnership with Netflix will significantly enhance our existing multichannel video platforms.

Over the next several years, our partnership with Telef nica will benefit millions of consumers who will be able to easily access their favorite Netflix shows, documentaries, stand-ups, kids content and movies across a range of Telefonica platforms, said Reed Hastings, Netflix co-founder and Chief Executive Officer. Making Netflix available on Telef nica's familiar, easy-to-use TV and video platforms enables consumers to watch all the content they love in one place.

The global partnership was announced through a video shared on Twitter by Jos Mar a lvarez-Pallete and Reed Hastings.

Each country will communicate the commercial details as and when they are available in their markets. First launches in Latin America will be announced in the next few weeks (more information here). Launch in Spain planned for the end of 2018.

About Netflix

Netflix is the worlds leading internet entertainment service with 125 million memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

About Telef nica

Telef nica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company, it prides itself on providing a differential experience based on both its corporate values and a public position that defends customer interests. The company has a significant presence in 17 countries and 357 million accesses around the world. Telef nica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.

LINK:	https://media.netflix.com/en/press-releases/telefónica-to-integrate-ne...
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