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

Reuters

MADRID (Reuters) - Telefonica (TEF.MC) and Netflix (NFLX.O) are close to reaching an accord which will permit the Spanish telecommunications company to include the U.S. 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.

(Reporting by Carlos Ruano; writing by Paul Day; editing by Jason Neely)