Netflix looks for subscriber growth in flooded Indian market

Jamie McKane

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Netflix looks for subscriber growth in flooded Indian market

Netflix Inc., whose shares are taking a massive hit after it reported the worst drop in U.S. users since 2011, is looking for new subscriber growth in India, a rapidly expanding streaming market. Trouble is, so are a raft of ambitious local players with cut-rate programming packages.

Already wrestling with other global giants such as Walt Disney Co. and Amazon.com Inc., Netflix now also contends with broadcasters and Bollywood powerhouses allied with billionaire-backed wireless carriers, who are luring users with free offers or as low as 40 cents a month.

[Bloomberg]
 

Polymathic

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Disney owns India's biggest streaming platform Hotstar. This makes me think they'll also make a move to purchase MultiChoice
 

Gudnews

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Good luck with that. I sail the high seas with a tremendous number of Indian ships.
 

Botha22

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Mar 30, 2019
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Growth in subscriber numbers maybe, but unlikely they will make much profit.
 
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