According to reports, Netflix, a provider of on-demand Internet streaming media, has teamed up with SoftBank in order to launch its video-streaming service in Japan. The announcement was made by the company on Monday.

According to Netflix, SoftBank customers can sign up for Netflix via SoftBank's shops, website, in addition to call centers, and through big electronics retailers.

Netflix has also made an announcement regarding a pricing structure beginning at 650 yen per month, when it comes to the basic plan. It rises as much as 1,450 yen for the premium account that offers ultra-high definition streaming. SoftBank will start pre-installing of the Netflix app on its smartphones that are planned to be sold after October 2015.

There is no need of filling out any payment information by customers of Softbank, which are among Japan's largest mobile carriers, for signing up for Netflix. Fee of the Netflix will be added to monthly bill users received from SoftBank.

This launch is first foray of the company into Asia. As per reports, the company has been making efforts to expand its services outside the United States. This year, it will be launched in Italy, Spain and Portugal, and in China, the launch is expected to take place in 2016. According to the company, it is looking forward to be there in 200 countries by the end of 2016.

According to the reports, Netflix will compete against streaming service Hulu in Japan. Hulu said that it has more than 1 million users in the country. Netflix Inc. will launch its service in the country on September 2.