iQIYI and Netflix Sign Licensing Agreement

LOS ANGELES, April 28, 2017 /PRNewswire/ -- iQIYI and Netflix have signed a content licensing agreement for a subset of Netflix original series like Stranger Things and Black Mirror. Though expectations of our deal are modest in scope, we are delighted that consumers will be able to enjoy these highly-popular series on iQIYI, the leading online video platform in China. Our cooperation will be subject to the relevant regulations on online streaming of imported drama and film content in China.

About iQIYI
Founded in Beijing in April 2010, iQIYI is the top online video platform in China to stream both licensed and original movies, television series, variety shows, cartoons and other content.

About Netflix
Netflix NFLX is the world's leading Internet television network with over 100 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

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SOURCE Netflix, Inc.