NETFLIX To Be In Russia in Two Years

Posted: February 25, 2015 in Society and Culture

SOURCE: http://www.bidnessetc.com/35477-netflix-inc-to-enter-russia-in-two-years/

SEE ALSO:  Russia’s ‘Snow Queen 2′ Nominated For Golden Globe

SEE ALSO:  Hollywood Still Tops Of Russia’s Box Office


.

Netflix, Inc. To Enter Russia In Two Years

The Hollywood Reporter has stated that the popular film and TV streaming service Netflix (NASDAQ:NFLX) will be making its way to Russia in around two years.

Netflix is quite popular with the Russians. Although the service is not available in the country yet, users know ways to bypass restrictions by using services like ZenMate and other VPN services to access Netflix in Russia.

This move comes as a surprise as worldwide companies are deciding to move out or postpone their launch in Russia due to the countless sanctions against the country because of the Ukraine crisis and the deteriorating Ruble. Spotify, the music-streaming service from Sweden also postponed its plan to launch in Russia, which was supposed to happen in the first quarter of 2015.

At the moment, the country does not have any international video or audio-streaming services. While Amazon did announce that it is going to launch its Amazon Prime Instant Video in Russia, no significant progress has been made, nor have there been any announcements to elaborate on the announcement.

Moreover, Russia is one of the countries with high counts of online privacy when it comes to audio and video. This may be the reason why these streaming companies are reluctant to enter the market, which is usually disrupted due to political and economic instability. Recently, the country has made changes to its copyright laws in hopes to curb piracy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s