Netflix goes Bollywood
The online video rental service Netflix is expanding its business to India. The service is now available there for $7.50 a month, the U.S. company announced on Wednesday.
Netflix is thus expanding into a country with a population of 1.3 billion, where broadband expansion is picking up massively and a fifth of the population is online. Company CEO Reed Hastings said at the CES computer trade show in Las Vegas that about half of U.S. households are Netflix customers. With growth slowing in its home U.S. market, the producer of series such as "House of Cards" and "Better Call Saul" is relying on growth in its international business. By the end of 2016, Netflix aims to be available in 200 countries. (SDA)
