Netflix releases numbers on overseas business for the first time. Instagram rolls out new features to combat fake news.
Numbers Game: Netflix has revealed numbers regarding its overseas business for the first time. As of September 30, 2019, the streaming giant’s revenue from the Asia-Pacific region crossed $1bn. Last year this figure was $669mn, thereby registering a 57% increase.
Subscriber base for the same region stood at 14.48mn, up from 9.46mn in the same period and year and 5.8mn in 2017.
Outside the US, the largest region for Netflix is Europe, Middle-east and Africa (EMEA). While Asia is still a small portion of Netflix's overall business, it has registered the biggest gains across all regions in terms of revenues and subscriber base in the past three years, the data shows. ET Tech
Update: Instagram is reportedly all set to expand its fact-checking test. It will work with 45 third-party organisations to assess the truthfulness of photo and video content on its app.
On the Explore and hashtag pages, material rated as false will be hidden and covered with a warning blocking the content until users tap again to see the post. TechCrunch
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