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Netflix expands into more than 190 countries

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Well, folks, it's official — Netflix is taking over the world. CEO Reed Hastings announced Wednesday the streaming service is now live in more than 190 countries

That global footprint is pretty impressive, especially considering the streaming service is less than a decade old, and before Wednesday, was only live in 60 countries.

Netflix also announced it added new languages to its service. On top of the 17 languages it already supports, users can now stream in Arabic, Korean and simplified and traditional Chinese. (Video via Netflix

China has proved to be a challenge for Netflix. Being the most populated country in the world, it's an obvious potential moneymaker for the company.

But due to the country's licensing laws, Netflix would need a local partnership to make it work. Hastings says they're working on it. 

Another thing the company is working on? Expanding their already impressive lineup of original content. Netflix picked up nine Golden Globes nominations for its original programming this year. That stacks up pretty nicely against Amazon's five nominations.

But taking down Amazon, and other competitors, in terms of original content comes at a price. This year, that price is $5 billion.

Throughout 2016, Netflix plans to release 31 new and returning original series, 24 original feature films and documentaries and 30 original kids series. Let the binge-watching commence.