Netflix the world's leading online movie & Internet TV has officially launched operations in India on Wednesday, with plans starting at Rs 500 per month.
The basic plan starting at Rs 500 per month offers access only SD content and is limited to a single user. 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.
Netflix is aggressively moving into new markets and aims to reach 200 countries by the end of 2016, as slowing domestic growth puts pressure on the company.
Users can access Netflix through an app on a smart TV, a videogame console, a streaming player, a smartphone or a tablet.
Along with its entry into India the Netflix has launched in other markets in Asia, the Middle East, and Europe.
The move confirmed months of speculation on the launch of the service in the second-most populous country in the world.
The company’s shares were up 5.5% at $113.60 in early afternoon trading.
Netflix is the world's leading Internet television network with over 69 million members in over 60 countries enjoying more than 100 million hours of TV shows and movies per day, including original series, documentaries and feature films.