Netflix switches “On” in 130 new Countries –What does it mean for Video Streaming Industry?

During CES 2016, Netflix announced that it will add 130 new countries as a part of its global expansion plan.

This ensures that Netflix is now available in 190 countries, a year ahead of its previous guided target.

The accelerated expansion plan came as a surprise to many; it was much needed good news for the company which saw its subscriber growth in its home country, the US, move at a slower pace than anticipated.

During Q3 2015, its international subscriber base grew by a record 2.74 Million, but in the US, it grew by only 0.88 Million–falling short of expectations.

In the US, it has been facing tough competition from Amazon Instant Video, Hulu and YouTube.

The immediateHe understands specific mobile industry nuances, helping clients to navigate through the rapidly changing technological trends. As a Telecom Analyst he has been quoted extensively by the leading media platforms. Tarun holds a Post Graduate Diploma in Management, specializing in International Business from the Amity International Business School and is a graduate in Physical Sciences from Jammu University, Jammu in the northern Indian state of Jammu & Kashmir.