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Video streaming website Netflix launches in Canada at $7.99 a month

TORONTO, Ont. – Video-streaming website Netflix Inc. is offering a one-month free trial as it launches in Canada Wednesday followed by a monthly fee of $7.99.

The company said thousands of titles will be available, while admitting it won’t have the most up-to-date selection of new releases.

The service will stream on PCs, Macs, iPhones and iPads, Nintendo Wii, Sony PlayStation 3 and some Blu-ray players.

Netflix will begin billing at the end of the free trial period unless consumers cancel prior to the end of the trial.

Netflix has more than 15-million subscribers in the United States, where the company also sends out DVDs by mail to users. The DVD model will not be available in Canada.

Netflix has proven to be a popular alternative to renting and has been a major factor in the demise of Blockbuster, which is inching toward bankruptcy.

But Netflix’s success in Canada is not assured, as it will face a number of competitors.

Zip.ca already offers DVD rentals by mail, like Netflix’s U.S. service, and has hinted that it will eventually offer online streaming. Its subscription rates range from $5.95 to $49.95 a month.

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