Netflix Inc. lost more than one million users in Spain in the first three months of 2023 according to market research group Kantar, a sign that the streaming giant’s crackdown on password-sharing could face pushback.
In a draft order, the tax authorities attributed an income of about 550 million rupees ($6.73 million) to Netflix's Indian permanent establishment (PE) in the assessment year 2021-22, the report added.
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According to Tofler, gross revenue for Netflix Entertainment Services India at the end of FY21 was Rs 1,529.36 crore. Netflix started its operations in India in 2016 and currently has 6 million subscribers in the country.