Streaming pioneer Netflix (NASDAQ: NFLX) is a media giant and no stranger to investors. The growth stock has obliterated the broader stock market over its lifetime, returning more than 39,000% since its 2002 initial public offering. Here are three reasons Netflix should be on your radar right now.
The two companies are reportedly exploring the possibility of offering their streamers at a discount to subscribers, reports say.
Netflix, billionaire Mukesh Ambani's Viacom18 and other streaming companies plan to collectively lobby the Indian government to delay or revamp a broadcast bill they fear will be onerous for the sector, sources familiar with the matter said. India last month introduced the new draft law to regulate the broadcasting sector that will also apply to streaming giants. It proposes the formation of individual content evaluation committees with members from various social groups who will review and sign off on shows before they are released.