Netflix’s future growth will come from India and other major Asian markets

News

Netflix’s future growth will come from India and other major Asian markets

10.11.2020 News

Shares of Netflix fell after the company released a quarterly report on October 20 with only 2.2 million new subscribers. At the same time, over the last week, stock growth has resumed and since the beginning of the year, the share price of Netflix has risen by 59%.

The company’s management and analysts cited the fact that in the previous two places the growth in the number of new subscriptions was a record, as users chose Netflix as entertainment, an alternative to closed cinemas during the pandemic.

Netflix does not seem to see any problems with expanding its user base, as last week it announced another price increase for the standard subscription package in the US by $ 1 per month, and for the premium – by $ 2 per month. Thus, even if the rate of adding new subscriptions decreases, a higher subscription fee, a high level of engagement and a very low level of unsubscriptions will increase Netflix’s revenue and profits in the current and future quarters.

Commenting on the latest quarterly report, Netflix’s vice president of development in the Asia-Pacific region Tony Zamechkowski said that almost half of the growth in new paid subscriptions came from the Asia-Pacific region, the largest share of all regions.

The reason for the success is the addition of subtitles and duplication of content in regional languages such as Hindi, Malay, Korean, Japanese, Thai and Indonesian Bahasa. Netflix has also made the program’s interface available in local languages. There is no such diversity in any international streaming service, which gives Netflix an important trump card for conquering markets and competing with local companies.

In addition to duplicating existing content, Netflix continues to invest in creating new original content for specific markets. Thus, Netflix spent $ 400 million on the development of original content, as well as licensing the content of other companies for the Indian market for the period from 2019 to 2020.

Netflix is taking similar steps in South Korea, which had 3.3 million subscribers as of September 30.

Netflix’s growth in India and other regions is based on the proliferation of high-speed Internet and partnerships with mobile operators.

The availability of a Netflix subscription with one package of the tariff plan with the Internet is also the basis of growing demand. In the markets of India, Malaysia, Indonesia, the Philippines and Thailand, subscribing to Netflix at a mobile rate can cost users less than $ 5 per month. This is very different from Netflix’s premium prices in markets such as the US, where a standard subscription costs around $ 14.

Netflix has stated that it will continue to invest in markets such as Japan, (South) Korea, India, Indonesia, as it sees significant growth potential.

Other articles

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • S&P forecasts global debt growth of up to $ 200 trillion
    News

    S&P forecasts global debt growth of up to $ 200 trillion

    World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]

  • Investment in industrial solar power plants fell significantly in 2020
    News

    Investment in industrial solar power plants fell significantly in 2020

    Company representatives, who engaged in the design, construction and equipment for solar power plants, note a significant decline in demand for their services. This is due to instability of the industry and growing debts for “green” electricity. “We are talking about 1260 MW of RES generation that has been launched in the first three quarters […]

  • Volkswagen is to invest $ 75 billion in “technology of the future”
    News

    Volkswagen is to invest $ 75 billion in “technology of the future”

    German automaker Volkswagen will invest about 73 billion euros over the next five years in electrification, hybrid powertrains and digital technology, the company said in a statement following a meeting of the supervisory board. In particular, about 35 billion euros are planned to be spent on electric cars on battery power, about 11 billion – […]

  • Alibaba’s net profit in the first half of 2020-2021 financial year fell by 19%
    News

    Alibaba’s net profit in the first half of 2020-2021 financial year fell by 19%

    The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]

  • Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19
    News

    Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19

    Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]

  • Netflix reported a slowdown in the number of new subscribers
    News

    Netflix reported a slowdown in the number of new subscribers

    The streaming service Netflix published quarterly reports, which did not meet analysts’ expectations on a number of indicators. In this regard, the company’s shares fell by 5.7% during electronic trading. For example, Netflix’s earnings per share were $ 1.74, while analysts surveyed by Refinitiv expected $ 2.14. The number of new paid subscribers was 2.2 […]

Read also

Netflix’s future growth will come from India and other major Asian markets
News

From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars

From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars. This was announced by Minister of Agricultural Policy Taras Kutovojs in an interview. “The market itself will determine the amount. According to the forecasts, I think it should be from 200 to 400 million dollars “, – the […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

JPMorgan could pay a record of $ 1 billion for the manipulating traders in the markets

Right away three the U.S. agencies announced on Tuesday, Sept. 29, to reach the agreement with JPMorgan Chase for the end of the criminal prosecution of the bank in exchange for the payment of multimillion fines. In total, the company must pay the US government more than $ 920 million. Statement from the Freight Exchange […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

The cryptocurrency Dogecoin has sharply added to the price after the tweets of three celebrities

The cryptocurrency Dogecoin, which contains an image of a dog shiba-inu, on Monday, February 8, reached a record high after billionaire Elon Musk, rapper Snoop Dogg and bassist Kiss Gene Simmons wrote about it on Twitter, according to Bloomberg. Thus, according to the CoinGecko platform, the value of the token rose to a peak of […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Following Twitter and Facebook, Google has suspended data requests from the Hong Kong authorities

The American corporation Google, following other American companies Twitter and Facebook, suspended data requests from the Hong Kong authorities after the new Chinese law entered into force on this autonomous territory. “Last Wednesday when the law went into effect, we suspended any new data requests from the Hong Kong authorities. We will continue to study […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Shares of cruise company Royal Caribbean rose on 10% against of the background of optimistic forecasts

Shares of cruise company Royal Caribbean, which decreased by 57% since the beginning of the year, rose for the last quarter and closed with an increase of 10% to $ 57.31 per share on Monday after the publication of the financial results of the second quarter. Investor`s optimism is based on Royal Caribbean management’s statements […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

C-level executives of Yahoo plan to sell the business

This week the board of directors of one of the world’s largest US Company Yahoo will hold a series of meetings that will be devoted to the sale of the business, – The Wall Street Journal writes at December 2, 2015. According to the management, the company is weakening and it is very difficult  to […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

The German company Leoni AG will build a second plant in Ukraine

The German company Leoni AG will build a plant in Kolomyja,  Ivano-Frankivsk region. This was reported by Dmitry Romaniuk, the head of the department of European integration and the development of tourism in Ivano-Frankivsk Regional State Administration. “The German company Leoni AG will build a new plant in Ivano-Frankivsk region (Kolomyja) and will create 8150 […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Uber stops developing a car without a driver

On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Yanukovych Jr.’s bank was liquidated

The Deposit Guarantee Fund approved the liquidation procedure, which lasted six years. Now the financial institution is officially considered liquidated. PJSC All-Ukrainian Development Bank (VBR), which belonged to the son of fugitive ex-president Oleksandr Yanukovych, was liquidated as a legal entity. The process has been going on since 2015, according to the press service of […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Groisman promised to create “entry point” for foreign investment  

In September 2016, the Ukrainian government will open an office, which is financially supported by private equity fund for support investment from abroad. It is about WNISEF (Western NIS Enterprise Fund), which was established in 1994 with a capital of $ 150 million, for the amount, which was paid by the US government. This kind […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

The National Bank announced the reason for the collapse of the hryvnia

The defining reason for the depreciation of the hryvnia against the dollar and the euro in the third quarter was the deterioration of business expectations. Deteriorating expectations created increased demand for the currency, which turned out to be higher than supply. This contributed to the devaluation pressure in the foreign exchange market in the III […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Pfizer submits the application to the FDA for permission to use the emergency vaccine of COVID-19 in November

Shares of the largest US pharmaceutical company Pfizer, down to 3.14% since the beginning of the year, rose to 3.83% on Friday on good news about its vaccine against the COVID-19. Currently, the mTNA candidate vaccine of BNT162b1, developed by Pfizer in the partnership with the German company BioNTech, the mechanism of the action of […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Newell Rubbermaid bought the rival company Jarden Corp for $ 13.2 billion

Union of the two big companies will create a major new giant in the consumer sector in the USA. According to analysts, the company will receive an annual income for more than $ 16 billion. The public learned about the unification of the companies at the beginning of December 2015. Newell Rubbermaid owns the brand […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

The cause of problems with the supply of AstraZeneca vaccines has been revealed

Problems with the supply of the AstraZeneca vaccine to the European Union are partly because the contract plant in the Netherlands has not yet delivered a single dose, the Financial Times reported on March 14. The Leiden plant is one of the main producers of the active substance of the vaccine, along with the plant […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

Tesla has tripled insurance payments to Elon Musk

Tesla Inc. paid its chairman and founder, Elon Musk, $ 3 million in compensation for D&O insurance to defend, settle disputes, or make court decisions. This was reported by Insurance Business. This insurance covers the expenses of the members of the board of directors, which are not included in the general expenses of the top […]

Next
Netflix’s future growth will come from India and other major Asian markets
News

The losses of Ukrainian farmers due to the drought were estimated at 118 billion

Ukrainian farmers may lose up to 118 billion hryvnias this year due to drought and frost. This was reported by the press service of the Agrarian Union of Ukraine. “This year, even the critically affected regions (Odessa, Mykolaiv, Kherson, Zaporizhia regions), despite the promises of the state, did not receive a single penny of assistance,” […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com