Netflix Inc. launched operations in India, with plans starting at Rs. 500 ($7.50) per month. The company will also offer two other plans priced at Rs. 650 rupees and Rs. 800 rupees.
Global Presence
The company also went live in more than 130 countries, covering almost the entire globe except China, in a huge global push by Chief Executive Reed Hastings to counter slowing growth in the United States.
Nigeria, Russia and Saudi Arabia were among the other major countries where the service was launched.
Netflix, which had expanded into more than 60 countries before this launch, previously said it aimed to reach 200 countries by the end of 2016.
However, all shows will not be available immediately to some Netflix fans. U.S. government restrictions on American companies mean Netflix will not be available in Crimea, North Korea and Syria.
About Netflix
Netflix is the U.S.-based video streaming company.
Shares of the company, whose popular shows include Unbreakable Kimmy Schmidt, Daredevil and Narcos, jumped 9.3 percent to close at $117.68.
Netflix is aggressively moving into new markets and aims to reach 200 countries by the end of 2016, as slowing domestic growth puts pressure on the company.
Users can access Netflix through an app on a smart TV, a videogame console, a streaming player, a smartphone or a tablet.
Current Affairs: 6th January, 2016 Current Affairs Round up December, 2015.
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