Amazon, Netflix Sign Same Studio for Indian Content – Report
January 25 2022 - 04:59AM
TipRanks
Amazon (AMZN) and Netflix (NFLX) have both partnered with Clean
Slate Filmz to supply them with content for their streaming
services in India, Bloomberg reports. Shares of AMZN rose 1.33% to
close at $2,890.88 on Monday while Netflix fell 2.60% to $387.15.
Despite their rivalry, the American streaming giants have turned to
the same Indian studio with a track record of producing hit films
to bolster their competitiveness in the important Indian market.
India’s subscription video revenue hit $0.8 billion in 2021 and is
forecast to grow to $2.1 billion by 2026, according to analysts at
Media Partners Asia.
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