Netflix likely to make its debut in India this year
Online media streaming service, Netfix, may well announce its entry into the Indian market as part of a planned global expansion, at the CES 2016 trade show to be held at Las Vegas, Nevada, next week. The company is expected to announce its plans during the keynote speech of its CEO, Mr. Reed Hastings, at the event on Wednesday, January 6th. While the company’s plans regarding India are yet to be made official, the American tech company has already started testing the waters in Far East Asia, by launching its services in Japan back in September, last year. The company has also announced that it will be bringing its service to Hong Kong, Singapore, South Korea and Taiwan at some stage during this year.
Netflix has reportedly partnered with a telecom operator for 4G networks. While the company is yet to disclose its, anyone can guess it to be either Airtel 4G or Reliance Jio. Several Netflix fans here use third-party tools to access content. With the official launch, the subscription rate per month is expected to be between Rs 500 and Rs 700.
Netflix is an American on-demand Internet streaming media available to viewers in North and South America, Australia, New Zealand, Japan, and some parts of Europe.
As of October 2015, Netflix had over 69 million subscribers worldwide.