Netflix Is Planning to Crack Asian Market With $500 Million Budget Spending on Korean Films & Dramas

Netflix Is Planning to Crack Asian Market With $500 Million Budget Spending on Korean Films & Dramas
With a decade in the streaming business under its belt, Netflix sees its growth in the U.S. market stalling. The company has now announced plans to double content spending in Asia in 2021 as part of a move to expand beyond its home waters.

A report estimates Netflix’s budget as coming to a minimum of $1 billion, though Netflix has not disclosed its exact amount. With more investment, Netflix will be in a better position to U.S. rivals Disney+ and Amazon Prime Video, as well as regional players like Tencent’s WeTV. They are planning to crack the Asian market with a million-budget spending on Korean films and dramas. In the article, we will dive into the matter.

Starting A Business in Asia

The company launched in Japan five years ago to expand to the Asia Pacific. During that period, the California-based company was essentially a startup in the area.
See full article at AsianMoviePulse »

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