File this one in the unconfirmed-but-hopeful file, as Variety has it on good authority that Netflix could be making its first foray into European waters as early as Q1 2012. After taking Latin America by storm (and subsequently storming the wallets of plain 'ole Americans), the company is purportedly lining up Spain and the United Kingdom for its next trick. Unnamed sources at "leading European film distributors" have confirmed that representatives from the company were looking to "put roots down" in both of those nations as soon as next year, and while Netflix itself is refusing to comment, it's certainly a tale that's easy to believe. 'Course, breaking into the UK market won't be as easy as it has been in other nations -- Lovefilm already has a firm grip on the local rental market, but as your favorite capitalist always says, there's never not room for increased competition. We'll keep you posted.