Apr 17, 2017
Netflix looks beyond US as competition mounts
Netflix faces increasing competition from both online rivals such as Amazon and Hulu, while television networks start to launch their own streaming services and make new shows available in binge-ready box sets. A consumer survey conducted for Jefferies bank in Germany and India turned up the surprising finding that services such as Netflix and Amazon are more appealing than local streaming options, despite potential language barriers. Netflix started making its own shows in 2013, with House of Cards one of its first big hits and Stranger Things more recently. Netflix casts a long shadow on the negotiations that started in March between the Writers Guild of America and production companies and studios over what writers are paid. One of the main sticking points concerns residual payments for streamed shows and writers for some Netflix productions are covered by the agreement.
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