Netflix Is Flexing Its Global Scale in Japan
About 5 million Japanese households subscribe to Netflix (NASDAQ: NFLX), and they're about to get a lot more anime content in 2021.
The leading global streaming video service announced plans to release 40 new anime titles this year, double the number it released last year. The increasing popularity of the animation style around the world combined with Netflix's global scale give it a competitive advantage against niche local competitors as well as international competitors like Sony's (NYSE: SNE) Funimation and Crunchyroll (which Funimation is in the process of acquiring from AT&T).
Promotional image for Record of Ragnarok. Image source: Netflix.
Source Fool.com
