Maybe NTEK connections in China?????? Alibaba +
Post# of 96892
Posted On: 10/07/2016 12:38:49 PM
Maybe NTEK connections in China??????
Alibaba + Iron Dragon + NTEK = Open doors for streaming ???
Netflix CEO says China entry "doesn't look good"
BY REUTERS — 11:02 AM ET
Oct 7 (Reuters) - Video streaming service Netflix Inc's (NFLX) Chief Executive Reed Hastings said the likelihood of the company entering the Chinese market "doesn't look good".
"Disney, who is very good in China, had their movie service shut down. Apple, who is very good in China, had their movie service closed down. It doesn't look good," Hastings said at the New Yorker TechFest on Friday.
Netflix's (NFLX) shares were up 1 percent at $106.12 in morning trading, reversing from a 1.5 percent drop earlier following the comments.
Hastings said in September the company had made no progress in its plan to enter the Chinese market as it needs to obtain a government license.
Content providers in China face stringent regulations and censorship challenges.
As part of efforts to counter slowing growth in the United States, Netflix (NFLX) in January launched in more than 130 new markets worldwide.
(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj Kalluvila)
(c) Reuters 2016. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
Alibaba + Iron Dragon + NTEK = Open doors for streaming ???
Netflix CEO says China entry "doesn't look good"
BY REUTERS — 11:02 AM ET
Oct 7 (Reuters) - Video streaming service Netflix Inc's (NFLX) Chief Executive Reed Hastings said the likelihood of the company entering the Chinese market "doesn't look good".
"Disney, who is very good in China, had their movie service shut down. Apple, who is very good in China, had their movie service closed down. It doesn't look good," Hastings said at the New Yorker TechFest on Friday.
Netflix's (NFLX) shares were up 1 percent at $106.12 in morning trading, reversing from a 1.5 percent drop earlier following the comments.
Hastings said in September the company had made no progress in its plan to enter the Chinese market as it needs to obtain a government license.
Content providers in China face stringent regulations and censorship challenges.
As part of efforts to counter slowing growth in the United States, Netflix (NFLX) in January launched in more than 130 new markets worldwide.
(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj Kalluvila)
(c) Reuters 2016. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
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