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Netflix breaks into China with licensing deal

Published 04/25/2017, 09:23 AM
© Reuters.  Netflix breaks into China with licensing deal
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  • Netflix (NASDAQ:NFLX) is in a licensing deal with iQiyi in China, according to an exclusive from Variety.
  • A Netflix spokesperson tells Variety that it's too early to provide details on when the company's content will be available for streaming in China.
  • The Baidu (NASDAQ:BIDU)-owned iQiyi online video platform has 500M monthly users.
  • Shares of Netflix are up 3.07% premarket to $148.25.
  • Now read: Netflix: An EPS Beat That Fails To Excite Bulls


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