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Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 110.55-90.1%10:02 AM EST

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From: JakeStraw5/15/2015 7:53:44 AM
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Netflix in Talks to Enter China With Jack Ma-Backed Wasu
finance.yahoo.com

Netflix plans “to be nearly global by the end of 2016,” a spokeswoman, Anne Marie Squeo, said in response to questions about a possible China partnership.

Entering China would allow the broadcaster of “House of Cards” and “Orange Is the New Black” to take advantage of what’s forecast to be explosive growth in online television in the nation of 1.4 billion people. The market is expected to almost triple to 90 billion yuan by 2018, according to Shanghai-based Internet consultant IResearch.

A local partnership would be essential given the Chinese government’s strict controls over licensing for online content. Netflix wants a partner that has licenses for content on all devices -- including mobile phones, computers and set-top boxes, according to the people. China’s State Administration of Press, Publication, Radio, Film and Television has given Internet TV licenses to seven companies, including Wasu.
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