Netflix Shut out of China, CEO Says No Longer Spending Time on Chinese Market
As tensions between China and the US build up, their trade war spreads to the tech industry. In a recent interview with CNBC, Reed Hastings, co-CEO of the video streaming platform Netflix, said while the company was eager to enter the Chinese market several years ago, it has “not been spending any time on China in the last couple of years” having been shut out by the Chinese government.
In an interview with CNBC on 9 September, 2020, Reed said Netflix had not been spending time on China with the Chinese authorities having rejected its plan to enter the market a few years ago. China’s relations with the US have sourced in recent months. While Reed said it is “a pity from a long-term perspective of the US and Chinese disengagement”, he felt there was “nothing [they] could do about that”. Given the many other opportunities in Europe, Asia, and Latin America, the company will “focus on entertaining everybody else”, he said.
Early last year, Netflix’s chief product officer Greg Peters said in an interview with Taiwan’s Central News Agency that the company would not enter the Chinese market in the near future with the Chinese government seeking control over media and broadcasting platforms.
Founded in 1997, Netflix has now managed to reach over 190 countries or territories around the world. China, however, is still off the grid, though in 2017 it partnered with the Chinese online video platform iQiyi to air some of its contents in China.
Source: Stand News #Sep11
#China #Netflix #Entertainment #ReedHastings #StreamingPlatform
https://bit.ly/2ZVU2pP
As tensions between China and the US build up, their trade war spreads to the tech industry. In a recent interview with CNBC, Reed Hastings, co-CEO of the video streaming platform Netflix, said while the company was eager to enter the Chinese market several years ago, it has “not been spending any time on China in the last couple of years” having been shut out by the Chinese government.
In an interview with CNBC on 9 September, 2020, Reed said Netflix had not been spending time on China with the Chinese authorities having rejected its plan to enter the market a few years ago. China’s relations with the US have sourced in recent months. While Reed said it is “a pity from a long-term perspective of the US and Chinese disengagement”, he felt there was “nothing [they] could do about that”. Given the many other opportunities in Europe, Asia, and Latin America, the company will “focus on entertaining everybody else”, he said.
Early last year, Netflix’s chief product officer Greg Peters said in an interview with Taiwan’s Central News Agency that the company would not enter the Chinese market in the near future with the Chinese government seeking control over media and broadcasting platforms.
Founded in 1997, Netflix has now managed to reach over 190 countries or territories around the world. China, however, is still off the grid, though in 2017 it partnered with the Chinese online video platform iQiyi to air some of its contents in China.
Source: Stand News #Sep11
#China #Netflix #Entertainment #ReedHastings #StreamingPlatform
https://bit.ly/2ZVU2pP
China clamps down on cartoons in latest morality move
China’s broadcasting regulator said it will encourage online producers to create “healthy” cartoons and clamp down on violent, vulgar or pornographic content, as Beijing steps up efforts to bring its thriving entertainment industry to heel.
The National Radio and Television Administration said in a notice posted late on Friday that children and young people were the main audience for cartoons, and qualified agencies need to broadcast content that “upholds truth, goodness and beauty”.
China’s ruling Communist party has stepped up a campaign to clean up its entertainment industry in recent months, taking action against “online idols” and promising tougher penalties for celebrities who engage in illegal or unethical behaviour.
Source: The Guardian #Sep25
https://t.co/CuyNYQegHS
#China #Cartoon #Entertainment
China’s broadcasting regulator said it will encourage online producers to create “healthy” cartoons and clamp down on violent, vulgar or pornographic content, as Beijing steps up efforts to bring its thriving entertainment industry to heel.
The National Radio and Television Administration said in a notice posted late on Friday that children and young people were the main audience for cartoons, and qualified agencies need to broadcast content that “upholds truth, goodness and beauty”.
China’s ruling Communist party has stepped up a campaign to clean up its entertainment industry in recent months, taking action against “online idols” and promising tougher penalties for celebrities who engage in illegal or unethical behaviour.
Source: The Guardian #Sep25
https://t.co/CuyNYQegHS
#China #Cartoon #Entertainment