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