Netflix Confirms Deal with China’s iQIYI

Netflix has inked a content licensing agreement with China’s iQIYI for a selection of original series, including Stranger Things and Black Mirror.

The global streaming giant downplayed the partnership with China’s top online platform, saying: “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.”

Netflix added: “Our cooperation will be subject to the relevant regulations on online streaming of imported drama and film content in China.”

The deal is also expected to help drive out pirated content in the Chinese market by delivering local viewers with copyrighted programming in HD, the partners said.

“We commit ourselves to making more original content and high-quality shows from around the world accessible to our viewers in China,” said Yang Xianghua, the senior VP of iQIYI. “In teaming up with important content providers such as Netflix, iQIYI is capable of keeping abreast of latest trends and development in the industry around the globe.”