After being locked out of the massive Chinese market by regulators, Netflix looks set to be able to enter the country after all.
The company has signed a licensing deal with local streaming service iQiyi, which claims over 500 million monthly users.
Robert Roy, Netflix's vice president of content acquisition, announced the deal at APOS — an industry conference that is being held in Bali, Indonesia, according to The Hollywood Reporter.
"China is an important market for obvious reasons; it's also a challenging market for obvious reasons," Roy was reported as saying by THR. "Right now what we will do is look to license content into China. We closed a deal with iQiyi, which is exciting." Read more...
More about China, Netflix, and Businessvia Zero Tech Blog
