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Why Netflix Thinks It Won't Have To Reduce Prices In India
Netflix chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive's comments suggesting otherwise had been misunderstood. Those prices are only modestly lower than what the company charges in the United States. When asked directly if that meant the company had no plans for lower prices in India, he said: Correct.
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