He said one of the reasons Disney decided to build a multi-billion dollar Shanghai theme park was because it couldn't launch a TV channel in the country. It later licensed popular shows such as "Black Mirror" and "Stranger Things" to video streaming platform iQIYI, a subsidiary of Chinese search engine Baidu ( BIDU).ĭisney CEO Bob Iger told CNNMoney in 2016 - after DisneyLife was shut down - that the company still had "a great opportunity to grow" in China despite its regulatory challenges. Netflix ( NFLX) admitted defeat in 2016, saying at the time that "the regulatory environment for foreign digital content services in China become challenging." online platforms - such as Facebook ( FB) and Twitter ( TWTR) - are blocked in the country. Western media and tech companies have been trying for years to crack China's lucrative market. Related: China's big streaming shift: Paying instead of pirating
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