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Corrected: Netflix plans to make 17 more original productions in Asia

Reuters  |  SINGAPORE 

(Corrects details, paragraphs 7,8)

(Reuters) - plans to make 17 more original productions in as it seeks to boost international subscriber numbers, said on Thursday.

The plan, announced at Netflix's content showcase event in Singapore, comes after the U.S. firm reported bumper quarterly earnings last month, driven by gains in international subscribers.

Netflix exceeded forecasts in both the U.S. and international markets, with the bulk of new subscribers coming from outside the where the company has been investing aggressively.

The firm has earmarked $8 billion for content this year, and has spent $6.9 billion as at the end of its third quarter.

In Asia, led by India, Netflix has won fans among a young, tech-savvy middle class, helped by a roster that includes top-grossing movie franchise Baahubali.

has said could deliver the service's next 100 million subscribers.

Netflix scored a hit in with Mumbai-based crime thriller However, the that produced the show disbanded last month after sexual harassment allegations against one of its partners, Vikas Bahl, and the show's lead writer, Both men have denied the allegations.

Netflix later backed the series for a second season.

At the end of September, Netflix had 137 million subscribers to its movie and TV streaming service worldwide. It began stocking its library with original films just three years ago.

(Reporting by Jonathan Weber; Writing by Miyoung Kim; Editing by and Christopher Cushing)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 17:57 IST
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