On April 20, Netflix Co-Chief Executive Reed Hastings said the company was still “figuring things out” in terms of content in India.
In an interview following the release of first-quarter results, Netflix CEO Reed Hastings said that the company had Japan and South Korea wired.
Hastings said that they are still working things out in India, so the investment takes some guts and confidence in the future.
Netflix said it gained nearly four million net new subscribers worldwide between January and March, a figure that fell short of its estimate of six million.
Hastings explained, “It’s just a little wobbly right now.”
Netflix also provided an update on content creation in its various markets. Film and television series production in India has been halted in some states due to COVID-imposed restrictions.
According to the company, the vaccine rollout is inconsistent around the world and during such a time the company is “back up” and still “producing safely in every major market, with the exception of Brazil and India.”