Netflix stock surged by more than 5% to reach an historic $293 today [5] as the company announced plans to expand into 43 countries throughout Latin America and the Caribbean later this year.

The service will cover film and television streaming “for one low monthly subscription price.”

Writing on the company’s blog vp of marketing Jessie Becker said, “Netflix members in the U.S. and Canada have really taken to watching instantly and we feel great about being able to offer the same combination of convenience, choice and value to people in Mexico, Central America, South America and the Caribbean.

“Members in the region will be able to access in Spanish, Portuguese or English, depending on their preference, and will be able to enjoy entertainment on their TVs via a range of consumer electronics devices capable of streaming from Netflix, as well as on PCs, Macs and mobile devices.

Becker said details of the expansion date would be forthcoming. Netflix expanded its streaming service into Canada last year.