Netflix released the trailer for its new Japanese film "Drawing Closer" to boost its performance

From Nasdaq: 2024-05-14 11:53:00

Netflix debuted the trailer for its new Japanese film, Drawing Closer, showcasing the poignant story of two young protagonists battling terminal illness. The movie features a star-studded cast and a touching theme song by Suis from Yorushika. Drawing Closer will begin streaming exclusively on Netflix on Jun 27, boosting the company’s strong performance.

With growing demand in Japan, Netflix is investing in new Japanese content like Garouden and Baki Hanma to expand its presence in the APAC region. The subscription video-on-demand market in Japan continues to grow, with increasing interest in home entertainment. Competitors like Amazon, Disney, and Warner Bros. Discovery are also ramping up their Japanese content offerings to cater to viewers.

Amazon’s success with Japanese series like Acma: Game and upcoming releases, along with U-NEXT’s market share growth, highlights the competitive landscape in Japan’s video-on-demand market. Disney and Warner Bros. Discovery are also making strategic moves to capture the Japanese audience. Despite competition, Netflix remains a dominant player in the SVOD market in Japan since 2019.

Investors should keep an eye on Netflix’s performance in Japan and its upcoming releases to capitalize on the company’s success in the region. With a strong lineup of Japanese content and a growing market for streaming services, Netflix is well-positioned to continue its growth in the APAC region.



Read more at Nasdaq: Netflix (NFLX) Releases the Trailer of Its Latest Japanese Film