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The company’s operating profit grew 76% over the year ago to $4.6 billion in 2020 on the back of $25 billion in annual revenue, regulatory filings showed.
StreamFest was one of Netflix’s attempts at
ramping up its user base in India, a market it sees as crucial for future growth. While the company doesn t provide a country-wise breakup, the Asia-Pacific region was the second largest contributor to subscriber growth in the quarter ended December accounting for 23.5% of the global paid additions during the quarter. Netflix has 25.5 million paying subscribers in the region, which translated to a revenue of $685 million a 64% growth over the previous year.
ETtech Morning Dispatch on 21 Jan. 2021: Top tech news to start your day
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Last Updated: Jan 21, 2021, 08:31 AM IST
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Synopsis
From India s plan to revamp IT Act to Tesla India s one-seat office in Bengaluru and Joe Biden s tech to-do list, here are the must-read top tech news this morning
ETtech
India is planning to revamp its IT Act to keep up with the massive shifts in technology. Tesla India has booked a one-seat office in Awfis Bengaluru a placeholder of sorts. Sebi has approved the Reliance-Future deal, amid persistent opposition from Amazon.
Also, a look at President Joe Biden’s tech to-do list…
Updated: December 17, 2020 6:29 PM IST
This in my opinion is one of the best Valentine s day gifts you can give this year. Giving a subscription package including Netflix, Amazon Prime, Flipkart, Hotstar and more is one of the best and the most pocket friendly gift you can give this Valentine s day. The gift idea also makes sense right as most of you are working from home.
Netflix has a new feature for all of us, making it enter the podcast arena in a way. The popular video-streaming service has started testing a new audio-only playback mode, which will allow users to listen to only the audio. Also Read - Watching Netflix using someone else s password? You might need to verify the account soon
This Week in Apps: Apple scolds adtech, Facebook hit with antitrust suits, Twitter buys Squad
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.
The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in global consumer spend in 2019. Not including third-party Chinese app stores, iOS and Android users downloaded 130 billion apps in 2020. Consumer spend also hit a record $112 billion across iOS and Android alone. In 2019, people spent three hours and 40 minutes per day using apps, rivaling TV. Due to COVID-19, time spent in apps jumped 25% year-over-year on Android.