The entertainment industry, in the current scenario, has emerged as a highly successful arena in the times of lockdown and social distancing. With the second-largest population, India's media consumption market has become one of the biggest and fastest-growing in the world. As such, more and more content creators seek to increase the share of people watching online and TV content. While the nation is still resisting the penetration of global payers, Netflix and Amazon Prime have somewhat seen some success.
As Netflix's viewership has significantly increased over the past year in India, the streaming giant is looking forward to gaining more viewers in the coming time.
For that, the American giant has reportedly introduced a mobile+ plan for new and existing subscribers in India. The plan costs just 349 rupees(USD 4.70) and offers high-definition quality and streaming across mobile, tablet, and computer screens that were absent from the Rs 199 plan. However, the new plan does take away the experience of media consumption on TV.
The new plan sits ideally between Rs 199 (USD 2.70)-which offers mobile viewing only and restricts resolution at 480p and users from watching on a computer or TV-and Rs 649, which only offers HD quality across two devices simultaneously.
The highest plan in the country is Rs 799 (USD 10.7) that offers the consumption of 4K Ultra-HD across four simultaneous devices.
Netflix, whose membership is nearly 193 million, has explored various strategies to take advantage of the growth in developing markets. Earlier in the year, a company executive had stated that they were looking at diverse means to become more competitive in the Indian market, more attractive to the members with various products at testing.
The streaming service competes with Amazon Prime Video, Apple TV+, Disney+Hotstar.
Source credit- https://techcrunch.com/2020/07/21/netflix-tests-new-low-cost-subscription-plan-in-india/
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Bayer newly appointed CEO, Bill Anderson, has reportedly unveiled plans to streamline the companys management structure in a bid to expedite decision-making processes. This marks the first step in a broader effort to transform the embattled German company, which has been under pressure from inv... Read More>>
Smurfit Kappa, a prominent player in the packaging industry, is reportedly engaged in merger discussions with its US counterpart, WestRock. This prospective merger has the potential to create a cardboard box-making powerhouse boasting a market value approaching $19 billion (€17.8 billion). Furt... Read More>>
The Royal Bank of Canada is reportedly planning to reduce its workforce by approximately 1,800 jobs as part of cost-cutting measures, on account of the anticipated upcoming economic landscape. This decision comes after the country's largest bank surpassed analysts' predictions for the third ... Read More>>