Netflix inks Japan studio deal in anime push - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 27/04/2022 15:11:00
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Netflix Inc on Tuesday announced a multi-film deal with Japan’s Studio Colorido, as the streaming giant ramps up its anime offering and looks to Asia for growth.

The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy NicholsonThe Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson

Anime has proven a draw for Netflix in both Japan, where almost 90% of its users watch it, and globally, where half of users tuned in last year, with rivals including Amazon and Disney also racing to offer such content. The Asia-Pacific region was the lone bright spot in Netflix’s first-quarter earnings, in which the world’s dominant streaming service reported it lost subscribers for the first time in more than a decade. The company said it was seeing “nice growth” in the region, including in Japan, where it reported 5 million users in September 2020.

The studio favours stories in which characters are pulled from their ordinary lives by a fantastical turn of events such as “Penguin Highway” from 2018, in which an elementary schoolboy investigates the sudden appearance of penguins in his town.

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SABC must partner with Netflix to give us better movies and documentary. Im just saying

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