Netflix's Brazilian service, which is offered in Portuguese language only, costs 14.99 Brazilian real (about $9.35) per month. On Wednesday, a Spanish version of the streaming service will be available in Argentina, Uruguay and Paraguay. In Argentina, the service costs 39 Argentine pesos (about $9.28), while in the other two countries, it will cost $7.99 per month.
On Thursday, Netflix will add Bolivia, Colombia, Venezuela, Peru and Ecuador.
The company announced the Latin America expansion in June. Previously, the service had only been available in the U.S.
Netflix is reportedly planning to launch in Europe in 2012.
The expansion comes as Netflix faces some challenges in its core market, namely consumer opposition to a new pricing plan announced in July and a reported rival service from Dish Network. Dish Network is also said to be bidding on Hulu, which offers a competing streaming service and recently expanded into its first foreign market, Japan. To make matters worse, Netflix will also lose content from Starz on February 28.
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