Netflix Chief Hastings Says China Entry ‘Doesn’t Look Good’
- Disney, Apple troubles show difficulty of offering video: CEO
- Theater chains are ‘strangling the movie business’: Hastings
Netflix Struggles to Enter China Market
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Netflix Inc.’s likelihood of entering the Chinese market, one of the few countries where it doesn’t offer streaming video service, “doesn’t look good,” Chief Executive Officer Reed Hastings said.
“We’re focused on the rest of the world,” Hastings said Friday at the New Yorker TechFest in New York. “Disney, who is very good in China, had their movie service shut down. Apple, who is very good in China, had their movie service closed down. It doesn’t look good.”