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US: Aust not 'getting screwed': Netflix

AAP logoAAP 20/09/2016 By Peter Mitchell, AAP US Correspondent

A Netflix executive has scoffed at a suggestion its subscribers in Australia, Europe and other parts of the globe receive inferior content compared with its American customers.

Netflix chief financial officer David Wells, responding to a question at Goldman Sachs' 25th Annual Communacopia Conference in New York on Tuesday, said it was "absolutely inaccurate".

"I think there is a general meme that whether it is a European consumer, an Australian consumer, an Asian consumer gets screwed relative to the US population," Mr Wells said.

The video streaming giant plans to spend $US5 billion ($A6.6 billion) on TV and movie offerings this year and another $US6 billion in 2017.

"We want to continue growing the content library both within the US and outside the US," he said.

"As long as we are able to grow our global subscriber population, we have a virtuous cycle there in terms of being able to find and monetise that content across a larger base, which then propels our ability to find more content and produce more content."

Mr Wells admitted there was not much the company could do to prevent subscribers sharing their passwords with friends or family outside their households to allow free access to Netflix.

"If they don't use it within the terms of use we're unhappy about it," he said.

"There's not a whole lot we can do.

"We could crack down on it, but you wouldn't certainly turn all those folks to paid users."

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