Netflix aims to maintain its $17 billion content spend per year. The company said it was pleased with the results of paid-sharing initiatives, launched in markets like Canada, New Zealand, Spain and Portugal, in an effort to minimize losses from widespread account sharing
Netflix, which released its Q3 financials on Monday, said in its letter to shareholders that Alia Bhatt’s ‘Darlings’ was viewed 33 million hours, becoming one of its biggest non-English hits in the quarter.
Excluding India, Average Revenue per Membership in the APAC region grew 4% in constant currency terms, according to the company’s letter to shareholders released late on Tuesday.