Netflix CEO says no
progress in entering China
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[September 20, 2016]
WARSAW (Reuters) - Netflix
Inc has made no progress in its plan to enter the
potentially lucrative Chinese market as it needs to
obtain a government license, its Chief Executive Officer
Reed Hastings said on Tuesday. |
![](../images/092016pics/busine55.jpg)
Reed Hastings, co-founder and CEO of Netflix, attends a
news conference in Seoul, South Korea, June 30, 2016.
REUTERS/Kim Hong-Ji
|
The
video streaming service is seeking to grow its subscriber base
abroad to counter slowing growth in its home market of the
United States.
The producer of popular TV series such as Narcos and House of
Cards has recently entered countries such as Turkey and Poland,
but remains absent in the world's most populous country.
Content providers in China face stringent regulations and
censorship challenges.
Asked whether Netflix had made any progress in entering China,
Hastings told reporters: "No ... we are continuing to work on
it. Same (problem) it has always been - government permissions,
we got to get a specific license in China."
Hastings said he could not give a specific timeframe for Chinese
market entry.
(Reporting by Marcin Goclowski; Editing by Mark Potter)
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