The Nikkei Asian Review has pointed out how improving Internet connectivity means that Asian video streaming services have taken off and these services are now fighting pitched turf wars – with each other, with regional players and against the big U.S. pioneers like Netflix, Inc (NASDAQ: NFLX) and Amazon.com, Inc (NASDAQ: AMZN). Among Asia’s video-streaming services, iflix, HOOQ and Hotstar seem to be edging ahead of others with neither Netflix nor Amazon gaining dominance in any Asian market.
There are also other market challenges for the US based players. For example: In South Korea, Taiwan and Hong Kong, the video streaming market leaders are operated by telecom carriers or media companies which allows for the selling of bundled services to customers.
To read the whole article, Asian streaming services stand strong against US rivals, go to the Nikkei Asian Review.
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