Netflix has signed a licensing deal with a Beijing-based video platform in order to avoid regulatory restrictions and get its content into China's huge entertainment market (via The Hollywood Reporter).

The streaming giant announced the news of its content agreement with iQiyi on Tuesday at the APOS industry conference in Bali, Indonesia.

Screen Shot 2 2

"China is an important market for obvious reasons; it's also a challenging market for obvious reasons," said Robert Roy, Netflix's vice president of content acquisition. "Right now what we will do is look to license content into China. We closed a deal with iQiyi, which is exciting." 

"For us, it does a couple of things," Roy added. "It gets our content distribution into the territory and builds awareness of the Netflix brand and Netflix content."

A subsidiary of Chinese giant Baidu, iQiyi is currently switching from an advertising-supported streaming service to a subscription model in the same vein as Netflix. The subsidiary reportedly commands the largest customer base and content portfolio in China, however it has been looking to broaden its appeal as rivals like Tencent Video and Youku Tudou compete for viewers in the country's market.

It is understood that Netflix will make some of its upcoming original content available on iQiyi at the same time as it appears in other Netflix-serving countries, but further details on which shows would be included in the deal were not forthcoming.

Both Amazon and Netflix have been unable to enter China's market because of regulatory hurdles, although Netflix's House of Cards briefly achieved viral status in China thanks to a deal with local service Sohu. The show was apparently even known to Chinese president Xi Jinping, but it was later withdrawn from local streaming services by regulators.

Last year, Apple faced its own issues with Chinese state regulators regarding a controversial independent movie which led to the shut down of iTunes and iBooks in the country.

Tags: China, Netflix

Popular Stories

new best buy blue

Best Buy's Memorial Day Sale Has Record Low Prices on iPads, MacBooks, and Much More

Friday May 24, 2024 7:12 am PDT by
Best Buy today kicked off its Memorial Day weekend sale, and it has some of the best prices we've tracked in weeks on iPads and MacBooks. Specifically, you'll find record low prices on the 5th generation iPad Air, iPad mini 6, M2 MacBook Air, and M3 MacBook Pro. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a purchase, we may receive a small payment,...
macOS 15 Feature

macOS 15 System Settings to Get Design Overhaul

Thursday May 23, 2024 12:51 pm PDT by
With the macOS 15 update that is set to debut at WWDC in June, Apple plans to rearrange "menus and app UIs," according to a report from AppleInsider. The System Settings app, which was last updated with macOS Ventura, will get one of the biggest updates. With macOS Ventura, Apple renamed the System Preferences app to System Settings, introducing a design similar to the Settings app on the...
6chatgpt mac app

5 Reasons to Use OpenAI's ChatGPT App for Mac

Thursday May 23, 2024 6:07 am PDT by
On May 13, OpenAI during its Spring Update announced that it would be releasing a desktop ChatGPT app for the Mac in the "coming weeks," and said that ahead of a wider launch it had started rolling out the app to some ChatGPT Plus subscribers. Subscribe to the MacRumors YouTube channel for more videos. After testing the app for a few days, we thought it was worth sharing some reasons why...
iOS 17

Apple Sheds More Light on iOS 17.5 Bug That Resurfaced Deleted Photos

Friday May 24, 2024 2:36 am PDT by
Last week, some iPhone users reported that Apple's iOS 17.5 update had introduced a bug that caused old photos that were deleted to reappear in the Photos app. Apple quickly released an iOS 17.5.1 update to fix the issue, but for many users, its explanation of "database corruption" in the release notes was all too brief, and did little to allay concerns about the privacy of their data. Apple ...