Netflix slashes India prices in battle with Disney, Amazon

FILE PHOTO: Small toy figures are seen in front of diplayed Netflix logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

MUMBAI (Reuters) - Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon.

The streaming giant cut prices by 60%, to 199 rupees ($2.62) a month, for its basic plan that lets users watch content on a single device, it said in a blogpost.