Morning News from India - July 17, 2018 Tweet17 Jul 2018
- Sensex rises 196 points, Nifty settles above 11,000 helped by banking stocks (Livemint)
- Amazon in talks to buy Medplus, India’s No. 2 pharmacy chain (Factor Daily)
- From NetFlix’s quarterly call about Indian streaming market (Seeking Alpha)
…we’re way behind YouTube, Hotstar. Those are really the leaders on the internet. And there is so much TV viewing at Linear TV that could be internet viewing. And the advantages are tremendous in India for internet viewing because you don’t get the app load that you see that’s so high all of the other platforms.
So Netflix is having great success getting established, getting a reputation going and with this triplet of Lust Stories, Sacred Games and Ghoul, we’re really getting some nice momentum in our India growth. Now it still – we’re still as David said in niche product, we’ve got a long way to go to expand languages and many other aspects to able to cover – be a broad Indian product. But in terms of our beachhead, I’m very pleased with what we’ve been doing.
I would say we’re far from reaching a limit in terms of the addressable market given the pricing structures we have right now, we’ve got a lot of room to grow in a reasonably affluent part of the society in India and other markets around the world. So much more runway, but having said that we’re constantly testing our pricing models what pricing strategies work best for our members around the world and trying to find what features, what tiers we can add to make that – a both a revenue positive but also a consumer friendly and consumer fair kind of approach.
We may have an issue where there’s three or four different sort of growth patterns within India in terms of different demographics, different segment and groups as we address one segment and then we start addressing another and so forth and so forth. And each one has a specific set of challenges with it and we’re in the early days of sort of that first segment. So yes, expect more from us in terms of getting into segments two, three, and four.
- Why Infosys has lost its IT bellwether tag (Livemint) - INFY
- How Tata Motors lost order of 1.5 lakh cars from Uber, Ola to Maruti Suzuki (Rushlane) - TTM
- Tata Nano – Why Did the People Not Want the People’s Car? (The Wire) - TTM
- Why HDFC Bank is the top holding for 107 equity diversified schemes (Livemint) - HDB
Eros Now and Xiaomi Mi TV enter into distribution partnership (Economic Times)
- Online learning platform Unacademy gets $21M Series C from Sequoia India, SAIF and Nexus (Tech Crunch)