Online video platform Netflix is to launch in Spain next January, according to Pedro Pérez, president of the Federation of Spanish Audiovisual Producer Associations (FAPAE).

The company will offer a monthly subscription for unlimited streaming of TV shows and movies.

Yesterday Netflix's shares on the Wall Street Stock Exchange rose 5.5%, following its announcement earlier this week that it was expanding in 43 Latin American and Caribbean countries.

Netflix leads the US market with 26 million users. But one of the main obstacles for it to become established in Spain is the author rights and the lack of details over the translations of the film libraries, although it seems the company's landing in Latin America could pave the way to enter Spain where its executives are also thinking of offering films in original version with subtitles.