Netflix has announced a licensing deal with Beijing-based video service, iQiyi, potentially finding its way into the China market according to a report by The Hollywood Reporter.
This follows its entry into Indonesia via a telco as well as fund raising to pay for new content.
The streaming giant revealed it has reached a content agreement with the Chinese video service, a spin-off of Baidu, at an industry conference in Bali.
“China is an important market for obvious reasons; it’s also a challenging market for obvious reasons,” said Robert Roy, Netflix’s vice president of content acquisition. “Right now what Read full story ›
Source: The Drum
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