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Netflix Seeing Strong Subscriber Growth In Asia, Latin America

  Netflix is seeing rapid subscriber growth in regions including Asia and Latin America as it girds for tougher competition in the streaming market, newly … Continue reading Netflix Seeing Strong Subscriber Growth In Asia, Latin America


Brussels, Belgium | AFP | Friday 3/20/2020 - 02:20 UTC+1 | 239 words Netflix will reduce the quality of its streaming in Europe to ease pressure on the internet, the firm said, as demand soars across the continent where millions are confined to their homes over coronavirus fears. The streaming giant will "begin reducing bit rates across all our streams in Europe for 30 days," a spokesperson said in a statement. "We estimate that this will reduce Netflix traffic on European networks by around 25 percent while also ensuring a good quality service for our members," the statement added. With wide-ranging lockdowns and quarantines, schools, shops and borders closed and gatherings banned, people across Europe are increasingly turning to the internet to stave off boredom. But the huge file sizes of high definition offerings from web giants like Netflix, Disney Plus, Hulu, HBO and Amazon are slowing the web, Thierry Breton, the EU commissioner for the internal market and digital economy warned. "Teleworking and streaming help a lot but infrastructures might be in strain," he said in a tweet Thursday, calling for online platforms to switch to streaming in standard definition instead of HD. Gamers breathed a sigh of relief on Wednesday after the end of an hours-long network outage that affected Nintendo's online games and prompted despair from users. "Only a few days into the coronavirus self-isolation and Nintendo servers are already down... oh dear god," tweeted one.
FILES) In this file photo taken on June 28, 2019 the Netflix logo is seen on the backdrop of Netflix’s “Stranger Things 3” premiere at Santa Monica high school Barnum Hall in Santa Monica, California. How many hundreds of millions of dollars would you pay for reruns of “Friends,” the American version of “The Office” or “The Big Bang Theory”? If you are a streaming powerhouse, the answer is: quite a few. As online video platforms jockey for position with new rivals for audience share, classic television series are commanding hefty sums.Chris Delmas / AFP
Chris Delmas / AFP

 

Netflix is seeing rapid subscriber growth in regions including Asia and Latin America as it girds for tougher competition in the streaming market, newly detailed figures show.

In a regulatory filing this week, Netflix offered the first detailed look at its finances from various regions around the world,

The figures showed nearly 14.5 million subscribers in the Asia-Pacific region at the end of September, representing growth of more than 50 percent over the previous 12 months.

The region including Europe, the Middle East and Africa had some 47 million paid subscribers, up 40 percent year-over-year, in the largest segment outside North America.

Latin America included some 29 million subscribers, a rise of 22 per cent over the past year, Netflix said in the filing.

North America is the largest market for Netflix with some 67 million subscribers but growth over the past year was just 6.5 percent.

Netflix is the leader in streaming television, operating in some 190 countries, but it is facing new offerings from deep-pocketed rivals including Disney, Apple, Comcast’s NBCUniversal and AT&T’s WarnerMedia.