Netflix continues to bet heavily on India, one of the world’s largest entertainment markets where it competes with more than three dozen rivals including Disney. Reed Hastings, the chief executive of Netflix, said on Friday that the company is on track to spend 30,000 million Indian rupees, or $420.5 million, on producing and licensing content in India this year and the next. “This year and next year, we plan to spend about Rs 3,000 crores developing and licensing content and you will start to see a lot of stuff hit the screens,” he said at a conference in New Delhi. The rare revelation today has quickly become the talk of the town. “This is significantly higher than what we have invested in content over the past years,” an executive at one of the top five rival services told TechCrunch.
Topics: reed hastings this rs delhi techcrunch eros now shah rukh khan s red chillies entertainment sacred games mightly little bheem more mighty little bheem march boston consulting group malaysia showtime in may commenting disney+ southeast asian india disney hastings hastings netflix hotstar but star content year million streaming global service shows company services country nation spend markets dozen cricket including licensing big original producing billion number monthly significantly watch globally executive competes world chief people rupees today talk expected set remains includes produced reported market spending movies business tier great on-demand revenue report video studios
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more