More Good News for Netflix in This Important Market

More Good News for Netflix in This Important Market
Harsh Chauhan, The Motley Fool

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.