Netflix Launches Service in Cuba, Where Nobody Has Internet or Credit Cards

castro on tv

Netflix announced yesterday that, effective immediately, anyone in Cuba with high-speed internet and access to international payment methods can subscribe to Netflix. In other words, nobody.

Market penetration is really easy when your total addressable market is zer0! But I guess now Netflix can claim to be the leading streaming video service in Cuba.

netflix-cuba

In other news, Sand Hill Exchange launched in North Korea today. Any North Korean resident with an iPhone and US credit card (or bitcoin) can immediately fund their account and begin trading. After just one day of trading, we have grown to become the largest stock exchange in North Korea.

See Also:
Almost No Cubans Have Broadband. Why Does Netflix Want to Stream There? –bloomberg

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