Netflix today announced it will expand to 43 countries throughout Latin America and the Caribbean later this year

Netflix has been streaming to U.S. members since 2007, adding the service in Canada last year.

Upon launch, Netflix members from Mexico, Central America, South America and the Caribbean will be able to instantly watch a wide array of American, local and global TV shows and movies right on their TVs via a range of consumer electronics devices capable of streaming from Netflix, as well as on PCs, Macs and mobile devices.

Members in the region will be able to access Netflix in Spanish, Portuguese, or English, depending on their preference.

Netflix offers TV shows and movies over the Internet and rents DVDs through the mail. In the U.S., a streaming subscription costs $8 a month and customers can pay slightly more to get DVDs in the mail. As is the case in Canada, Netflix's service in Latin America will be streaming-only, with no DVD option.

The company is seeking new subscribers as competitors such as Apple, Google and Hulu are moving in on Netflix's turf.