More Good News for Netflix in This Important Market

Good news has been hard to come by for Netflix (NASDAQ: NFLX) of late since the streaming giant warned of a slowdown in subscriber growth last month, but there's one market where the company continues to make impressive progress: India. Considered by PwC to be the world's fastest-growing over-the-top (OTT) video streaming market with a projected compound annual growth rate of 28.6% through 2024, Netflix has high hopes from India. Not surprisingly, the company has made bold moves in India as it looks to corner a bigger share of what's expected to become the world's sixth-largest OTT market in the next four years, generating an annual revenue of $2.7 billion.