Netflix Launched in India, Plans Start at Rs. 500 Per Month

Netflix has officially announced its entry into India and other markets in Asia, the Middle East, and Europe. The on-demand TV, movies, and video streaming powerhouse is nowavailable in the country, with plans starting at Rs. 500 per month for access on 1 SD screen. For Rs. 650 per month you can watch HD content on 2 screes at a time, and Rs. 800 per month will get you 4K content on up to 4 screens simultaneously.

The pricing is virtually identical to that in the US, where Netflix's Internet video streaming subscription rates range from $7.99 (Rs. 530 approximately) per month for 1 SD screen to $11.99 (approximately Rs. 800 per month approximately) a month for 4 HD screens, including a free one-month trial.

Netflix is in over 70 million homes worldwide and available via a variety of devices including Web, apps, mobile, media players, TVs, gaming consoles, and more. People watched over 12 billion hours of Netflix video in Q4 2015, Netflix CEO Reed Hastings said on Wednesday.

Over the years, Netflix, which offers a collection of over 35,000 movies and TV shows, has started to produce its own shows under Netflix Original moniker. Some of these original shows include Orange is the New Black, Jessica Jones, and House of Cards. These shows have been faring well with users and experts alike. In fact, for the 73rd Golden Awards, which will be held on January 10, Netflix has eight nominations.

The company has major plans for 2016. It will be debuting its first talk show, and a movie starring Brad Pitt among others. Netflix has also reserved exclusive rights to releases from Walt Disney this year.

Slowing growth in the United States has put pressure on Netflix to grow internationally and India - with over 300 million Internet users and a potential 1.2 billion plus that could come online in the next few years - is being seen as its next big growth market. Before Wednesday's announcement, Netflix was available in North and South America, Australia, New Zealand, Japan, and parts of Europe. (See: Where is Netflix available?)

"Netflix is entering India at the right time," analyst Tarun Pathak at Counterpoint Technology Research told Reuters.

Netflix will compete in India with the likes of Star's Hotstar, Singapore-based Spuul, Hungama, Eros Now, Muvizz, and many others in what is becoming an increasingly crowded space in a country that remains bogged down by slow Internet speeds.

(Also see: Our 5 Favourite Movie Streaming Services in India)

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