Netflix CEO Provides Update on China; AI to Play Bigger Role

Netflix, Inc.(NFLX – Analyst Report) CEO yesterday provided some updates regarding the company’s expansion into China and his vision of using artificial intelligence technologies for growth at the ongoing DLD Conference in Munich. CEO Reed Hastings stated that “It may be soon that we have a license in China, or it may take a couple years, but we’re going to be very patient.” Netflix recently expanded to over 190 countries across the globe but it has not been able to enter China. It has been in talks with the Chinese government and other partners like Wasu Media Holding Co. to enter the online video market over there. China with a population of over 1.3 billion and a growing middle class would be an important market for Netflix. According to a…


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