‘Still figuring out India’, says Netflix CEO Reed Hastings
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Reed Hastings, the cofounder and co-CEO of global streaming giant Netflix, during the company’s Q1 2021 earnings call, admitted that the company was still figuring out the Indian market. Reed said that the company’s investment in the country — in 2019 it announced that it would invest INR 3,000 Cr over the next two years to create content in Indian languages — took some guts and belief in the potential of the market.