By John Glenday

Streaming service Netflix has thrilled investors after declaring itself ready to make a move on China, the world’s largest market, after revenues beat analysts’ expectations with a 23 per cent rise.

In its latest set of financial results Netflix reported revenue of £1.82bn in the fourth quarter of 2015, a 23 per cent increase on the year before, although net profit actually fell to $43m from $83m the year before owing to the effects of a one off tax benefit that year.

Netflix now operates in 190 countries around the world with China being the most obvious glaring omission in its move Read full story ›

Source: The Drum