Spain's Telefonica in talks to include Netflix content on TV platform

MADRID: Telefonica and Netflix are close to reaching an accord which will permit the Spanish telecommunications company to include the US group's content as part of its television service, a source close to the talks said on Monday.

The two companies were close to an agreement which would most likely take a few weeks to finalise, the source said.

Telefonica, which has some 3.7 million subscribers for its television service Movistar+, declined to comment.

Netflix, which was not immediately available for comment, has around 1.16 million subscribers in Spain.