The months that followed its launch brought tens of millions of new users to the internet, and changed the way many consumed data. Reliance Jio, a telecom operator owned by India’s richest man, Mukesh Ambani, kickstarted a telecommunications price war in the nation in the second half of 2016, when it began offering a bulk of data at no charge to customers for an extended period of time. Much of the credit for the boom in streaming goes to the stark drop in India's mobile data prices. Companies have taken notice: More than 35 streaming services have launched or expanded their businesses in India in the last three and a half years, with many more planning to enter Bollywood soon. Once considered a luxury, an increasingly growing number of Indians are giving online streaming services a try. Netflix, by contrast, has fewer than one million subscribers in the country, according to industry estimates. The three-and-a-half-year-old service has 150 million monthly active users, CEO Ajit Mohan told CNBC in an interview. Owned by Star India, which is controlled by Twenty-First Century Fox, Hotstar had about 70 percent of the on-demand local streaming services market earlier this year, according to estimates by research firm Jana. That aggressive play from the companies, both of which entered India in 2016, is becoming increasingly necessary: Amazon Prime Video and Netflix have long trailed local services in the nation, and that gap has only widened in recent months. Posters of the new shows have started to flood bus stops, shopping malls and metro stations in several cities across the country. “Comicstaan” is the fourth original show Amazon has made for India, with seven more already in the works, Vijay Subramaniam, director and head of content at Amazon Prime Video in India, told CNBC in an interview. Shortly afterwards, Amazon is scheduled to premiere “Comicstaan,” a series featuring a group of prominent comics from India who are tasked with finding new talent in the country. Called “Sacred Games,” it is based on a novel by Indian author Vikram Chandra. Netflix, which aired “Lust Stories,” an anthology of four short films by high-profile Indian directors that breaks the taboo around women’s sexuality, in the country and elsewhere last month, is this week releasing its first original Hindi series for the country. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Netflix made the decision to increase the price of its plans in an effort to increase margins while it continues to spend billions creating hit original content such as "House of Cards" and "Stranger Things," according to the Associated Press.Best Debt Consolidation Loans for Bad Credit Mashable first reported the Netflix price changes, followed by the Associated Press. "From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster," the company said in a statement.Īmazon's most basic plan without HD streaming still costs $7.99 per month. Netflix said the price change will "roll out to members over the course of the next several months." members, while existing members will be alerted of the price change on October 19 ahead of their next billing cycle. Netflix's 4K streaming plan, which provides higher-quality content, will cost $14 per month, a $2 increase. The company's $10/month high-definition plan now costs $11, according to changes reflected on Netflix's subscription page. Best Debt Consolidation Loans for Bad Credit
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