Disney Is Winning Against Netflix in This Crucial Market
India is one of Netflix's (NASDAQ: NFLX) key markets internationally thanks to its huge population, increasing smartphone penetration, and the adoption of faster wireless networks. Not surprisingly, the streaming specialist pointed out three years ago that it expects its next 100 million subscribers to come from the Asian country.
Netflix has poured a lot of money (more than $400 million) into the Indian market over the past couple of years to achieve its ambition. However, Netflix's premium pricing tiers mean that it is struggling to attract more subscribers, with the likes of Disney's (NYSE: DIS) Disney+ Hotstar streaming service way ahead on that front.
The bad news for Netflix is that Disney looks all set to widen the subscriber gap. Let's see why.
Source Fool.com
