Netflix Partners Korean Studios To Boost Content Portfolio
Zacks Investment Research | Nov 25, 2019 08:55PM ET
Netflix’s (NASDAQ:NFLX) focus on streaming regional content has been leading to international growth. In the recently concluded third-quarter 2019, the company added 6.26 million paid international members, up 23.5% year over year.
The company is working on projects across Mexico, Spain, Italy, Germany, Brazil, France, Turkey and the entire Middle East. It also has a strong slate of shows for India and launched a low-priced mobile plan in the country to attract more subscribers.
Further, in terms of languages, the company started offering services in Vietnamese, Hungarian and Czech during the third quarter.
Netflix is also focused on expanding its Korean and Japanese content. Recently, the streaming giant inked partnerships with two leading Korean content houses — JTBC Content Hub and CJ ENM.
Moreover, the company is collaborating with the Academy Award-nominated animation studio, Tonko House, to launch ONI, an all-new original series based on Japanese folklore.
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