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Netflix looks abroad for continued growth as more competitors emerge

Illustration: Sarah Grillo/Axios

Efforts to dethrone Netflix abroad are underway, as more money pours into upstarts looking to compete locally against the streaming giant.

Why it matters: Netflix's user base is nearing saturation in the U.S., so it needs to continue growing abroad if it ever wants a chance at profitability.

Go deeperArrowJul 23, 2019

Malaysian video subscription service iflix raises $50 million pre-IPO

Illustration: Rebecca Zisser/Axios

Iflix, a Malaysia-based streaming video subscription service focused on Southeast Asia and the Middle East, raised over $50 million in what it refers to as pre-IPO funding.

Why it matters: Netflix needs to expand in emerging markets, as its recent subscriber numbers suggest saturation in its core geographies. Iflix, which claims to have nearly doubled active users to 17 million in the past 6 months, presents one of several homegrown hurdles.

Go deeperArrowJul 22, 2019

Disney finally unveils Disney+, ESPN+, Hulu bundle for $12.99 monthly

Photo: Mike Kemp/Getty Images.

Disney CEO Bob Iger finally announced details for the long-awaited Disney streaming bundle that executives have been teasing for months. The bundle is meant to be an alternative to Hollywood rival Netflix.

Details: For $12.99 monthly, consumers can access Disney+, ESPN+ and the ad-supported version of Hulu. The deal will be available when Disney+ launches on Nov. 12. The combined package will be cheaper than Netflix's premium package, which is $13.99 a month.

Go deeperArrowUpdated Aug 6, 2019