Netflix would launch its services in four Asian countries; Singapore, South Korea, Hong Kong, and Taiwan.
Netflix has taken an initiative to dominate the corporate world. Netflix news revealed that it aims to enter a number of Asian countries next year, including Taiwan, South Korea, Singapore, and Hong Kong. It would initially stream a group of famous television shows, films, and children-friendly programming. Most would be launched with local subtitles and further information would be shared later, as stated in an electronic mail. The Los Gatos, Californian organization recently introduced the service in Japan, and it intends to complete its global expansion in late 2016.
Netflix news today affirmed that CEO Reed Hastings stated, “The combination of increasing Internet speeds and ubiquity of connected devices provides consumers with the anytime, anywhere ability to enjoy their favorite TV shows and movies on the Netflix service. These four markets well represent those trends”.
The organization’s global growth efforts have helped it add 3,280,000 new customers in its second quarter, easily going ahead of its expectation for 2,500,000 new subscribers. Majority of the clients were in international markets.
Netflix had previously introduced its facility in South Korea. The report included its plans to collaborate with local broadcasting enterprises that would extend its reach. This would coincide with its plans in Japan, where the high-tech enterprise collaborated with Softbank, which is currently pre-installing Netflix application on smartphones in the region.
The media was informed that Netflix would depend on Korean carriers, as it needs to afford the higher charges of content delivery on the nation’s robust internet, along with the comparatively low cost of the facility itself. The company might face the same challenge in the Chinese administrative region, where network speeds are second to that of South Korea.
Netflix breaking news informed that the enterprise has previously launched its services in Australia and New Zealand. The residents of a number of countries, such as Italy, Spain, and Portugal, would soon avail Netflix facility. Market experts have expressed the view that its entrance in the Asian countries would not only increase its revenue and market share but also enhance its image in the corporate world.
It is probable that the Authorities of the Asian countries would appreciate Netflix’s growth. Its officials should now promote its services to Asian residents to capture the highly competitive global market there.
The intent to introduce service in many other countries is a part of Netflix’s aggressive expansion strategy that would be fruitful in future. Its followers are ambitiously looking forward to avail the service in countries where it was unavailable previously.