Video streaming service Netflix reported a net income of $43.18 million for the quarter ended December 31, 2015, down 48.20% from $83.37 million in the same quarter last year. The company's profits were down as the company invested heavily into original content programming and its global launch into more than 130 countries. Reed Hastings (CEO of Netflix), David Wells (CFO) and Ted Sarandos (head of content acquisition) in a post-results interview spoke in some length about the company's international push, VPNs, and payments . Excerpts from the interview. On international push Hastings said that the company is looking at the markets in India, Philippines and Saudi Arabia as significant. He also added that with the international push, there is a huge need for subtitles in languages other than English. "Those are the countries (India, Philippines and Saudi Arabia) which have a lot of language match. Philippines is a country where a lot of people speak English. We have subtitles in Arabic and we've translated our service in Arabic in Saudi Arabia. Then in much of the world - Russia, Poland, central and eastern Europe - we are still only in English. But we've got ways to go and we'll keep adding more languages to make the service more relevant," Hastings said. Payments Wells also mentioned that the company is looking into different payment systems around the world and that Netflix is looking at prepaid cards and gift cards as a payment option. Currently, subscriptions for Netflix can be paid only via…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...