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Monday, November 18, 2019

Netflix Revenue Soars on Local Content, Marketing

Reports a net profit of ₹5.1 crore in FY19 as co adds subscribers. The Indian unit of Netflix Inc, the world’s largest online video streaming company, grew more than 700% during 2018-19, helped by expanding local content and marketing blitzkrieg that helped bring subscribers. Netflix India reported revenues of ₹466.7 crore for FY19 with a net profit of ₹5.1 crore, according to its filing with the registrar of companies sourced from Veratech Intelligence. ...more

Today’s headlines
Legal & Patents
Infy-Bansal Row Closure Good for Co
Many experts feel the lingering issue is a distraction for the management of company. Infosys’ move to settle alleged offences relating to the severance pay ...more
Policy & Regulation
Govt to vet responses by Amazon, Flipkart on their India operations
Decision on future action will be taken depending on whether the responses indicate violation of rules, say officials ...more
Department of Telecom directs circle heads to treat Airtel, Tata Teleservices as separate companies
Asks them to audit customer acquisition form of both companies separately. The telecom department has directed all circle heads to treat Bharti Airtel and Tata Teleservices as ...more
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