Heavyweights like Netflix and Disney Battle for Indian Market
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ValueTheMarkets News Commentary – The Indian entertainment market is growing at a rapid rate that far outstrips contemporaries in the West. The huge nation of more than 1 billion people is expected to see a compound annual growth rate of nearly 15% over the next five years according to Statista. This article discusses the issue with reference to Netflix (NASDAQ: NFLX), Walt Disney Co (NYSE: DIS), Paramount Global (NASDAQ: PARA) and QYOU Media (TSXV: QYOU) (OTCQB: QYOUF).
With a huge population dominated by young people, an emerging middle class and rapid adoption of technology, India represents a compelling opportunity for entertainment companies. We'll explore here how some, like Netflix, appear to be underperforming and facing criticism for their efforts. Meanwhile,...
