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.