Netflix and Telefónica announced a global partnership that will bring the Internet video service to Telefonica’s TV and video platforms in Europe and Latin America, confirming speculation about a potential deal. Telefónica Executive Chairman José María Álvarez-Pallete announced the partnership by tweeting a campy…

It’s estimated that Latin America‘s share of the global filmed entertainment market will hit $6.8B by 2017, according to a recent PricewaterhouseCoopers report. But will the region's biggest country, Brazil, continue its growth? And how is Hollywood planning for next year's World Cup? Elsewhere in the region, local…

The latest addition to Netflix’s content library comes from Latin America. The streaming company has licensed more than 1,500 hours of programming a year from Venezuelan cable network Radio Caracas Televisión. The deal covers 11 shows — telenovelas, movies, series and documentaries, including RCTV's recent hit Worlds A…

3D Conversion Of Paramount’s ‘Top Gun’ In The Works Another blockbuster is getting the 3D conversion treatment, it seems. Top Gun, Tony Scott’s iconic 1986 film starring Tom Cruise, is being re-formatted for a possible 2012 release by Paramount. That was the word from Legend3D CEO Rob Hummel, speaking today at the…

Miramax Films, which made a deal with Netflix for its library titles in May, announced that its films will now be available in Latin America through the streaming service. We know that Netflix is also bracing for a UK launch, after Lionsgate UK made a streaming deal for its library titles to be shown there through…

CBS chief Les Moonves has said that his company would work with Netflix in other countries. Still, this deal confirms “CBS’ ability to successfully monetize its library,” says Wells Fargo analyst Marci Ryvicker, who forecasts it will add 6 cents to CBS’ earnings per share beginning next year. NEW YORK and BEVERLY…

Netfllix shares jumped 7.6% as of mid-day after the company said it will offer its Web streaming service through Latin America and the Caribbean later this year. Investors are hoping that audiences in other countries will respond as enthuiastically as U.S. consumers have to the home video company’s service. Netflix…