Telemundo, Netflix Ink Licensing Agreement

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The Spanish-language network will provide 1,200 hours of content for streaming subscribers.

MEXICO CITY -- Telemundo's international distribution arm announced on Monday that it has inked a program licensing agreement with Netflix.

Under the deal, NBC Universal's Telemundo Internacional will provide 1,200 hours of content per year to Netflix, which will be accessible to subscribers in Latin America via streaming. Netflix announced in July its plan to expand to 43 Latin American and Caribbean nations by the end of the year.

Netflix already has several major Spanish-language media titans on board. Here in Mexico, the company recently inked a multi-year deal with Televisa for 3,000 hours of annual programming. Netflix also has an agreement in place with Televisa rival TV Azteca for 1,500 hours of content.

Telemundo said the agreement will be analyzed on a year-by-year basis. Financial details were not disclosed.