Netflix faces some challenges to its global ambitions
New York
NETFLIX already streams popular films, television series and, increasingly, its own original entertainment to 57 million subscribers in more than 50 countries. The service is expanding rapidly - Cuba was added this week - and Netflix now projects it will be available in 200 countries by 2017, giving the company essentially global coverage.
The company's chief content officer, Ted Sarandos, acknowledged in a recent conference call that such sweeping expansion will require Netflix to overcome "cultural barriers" as it tries to make its offerings more global. In Europe, some of those challenges are already apparent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Cordlife served letter of demand, notice of claim from customers
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
GSK profit drops 23% in Q1 on higher costs
Starbucks points to weaker consumer as profit falls