Despite recent news, Netflix have continued to try and retain their position as top dog in the world of streaming services and have just announced that they’ll be launching a much lower priced version of their service for residents of India.
The current monthly cost of Netflix is actually more expensive than the annual cost of most of the streaming competitors in India, so Netflix will have to shave a huge amount off their pricing. But if they manage to pull it off and tap into this new audience, it could help them get out of their slump.
What do we think about this?
We think it’s great – because this almost certainly means more original content from Netflix targeted at an Indian audience, and we actually enjoy Indian movies and tv shows quite a bit. In fact, Arjun Reddy is an awesome film that came out last year and has transcended far beyond it’s intended reach.
Source – Fool.com