Netflix is set to open its first UK and Canada-based streaming service later this year in what it describes as a “multi-billion-dollar” move into new markets.
Netflix, which has been trying to open more than 200 countries and territories, has been eyeing new markets in India, South Korea and China for the past several years.
It is currently the largest player in the US and Canada, with a total of more than 100 million subscribers, according to data from comScore.
Netflix’s new service, which is called Space Force, is set for launch in the UK and Canadian markets in 2018, it said in a blog post on Tuesday.
The UK and New Zealand are the biggest markets for Netflix’s service.
Netflix has signed a deal with the BBC to launch its service there and is set on launching a new service in Canada.
Netflix said that it would not be adding any additional content in the countries where it already operates.
Netflix launched its first streaming service in the Philippines in 2011, and has since expanded to more than a dozen countries.
It has now added 10 countries in the Middle East and Africa, and in the U.K. and India, it has signed deals to expand in more than 40 countries.
Netflix also said that its global footprint is expanding.