Tuesday September 20, 2016

Netflix CEO Says No Progress In Entering China

Netflix's Chief Executive Officer Reed Hastings says that strict regulations in China are still blocking the streaming service from entering that country. Someone needs to tell China what they are missing out on. wink

Netflix Inc has made no progress in its plan to enter the potentially lucrative Chinese market as it needs to obtain a government license, its Chief Executive Officer Reed Hastings said on Tuesday. The video streaming service is seeking to grow its subscriber base abroad to counter slowing growth in its home market of the United States.