Netflix inks Japan studio deal in anime push - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Netflix Inc on Tuesday announced a multi-film deal with Japan’s Studio Colorido, as the streaming giant ramps up its anime offering and looks to Asia for growth.

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The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy NicholsonThe Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson

Anime has proven a draw for Netflix in both Japan, where almost 90% of its users watch it, and globally, where half of users tuned in last year, with rivals including Amazon and Disney also racing to offer such content. The Asia-Pacific region was the lone bright spot in Netflix’s first-quarter earnings, in which the world’s dominant streaming service reported it lost subscribers for the first time in more than a decade. The company said it was seeing “nice growth” in the region, including in Japan, where it reported 5 million users in September 2020.

The studio favours stories in which characters are pulled from their ordinary lives by a fantastical turn of events such as “Penguin Highway” from 2018, in which an elementary schoolboy investigates the sudden appearance of penguins in his town.

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SABC must partner with Netflix to give us better movies and documentary. Im just saying

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