Federal Minister of Science and Technology, Fawad Chaudhry has shared via a tweet that a Pakistani version of Netflix is in the works and will be launching soon.
Netflix is the top streaming service in the world. However, Pakistan’s science ministry believes that now is the time to launch the country’s own local streaming platform.
According to international media reports, Netflix Inc. reported a dramatic slowdown in new subscribers and widely missed earnings expectations.
Netflix reported 2.2 million net new subscribers in its third quarter, after two consecutive quarters topping the 10 million mark amid shelter-in-place orders related to the COVID-19 pandemic.
Netflix said net earnings of US$790 million, or US$1.74 a share, compared with net income of US$1.47 a share in the last year’s quarter.
In a tweet Fawad Chaudhry said: “We, at the Ministry of Science and Technology, are all set to launch Pakistan’s first OTT television (Pakistani version of Netflix). Technology part is complete, and have asked PEMRA to prepare a guideline on content,” Chaudhry wrote, adding, “And we will be all set to launch in PPP (Public-Private Partnership) mode.”
Fawad Chaudhry said the technical aspect of the platform has already been completed and now, PEMRA (the regulatory authority) has been asked to prepare content guidelines to be screened on Pakistani version of Netflix.
A social media user, Sujiat commented, “Such a big achievement. I think it’s the first time in history of Pakistan Pakistani people know the true meaning of the ministry of science & Technology.”
Such a big achievement. I think it’s first time in history of Pakistan Pakistani people’s knows true meaning of the ministry of science & Technology. All credit goes to you by said by “Shujait” on tweeter.
We at @MinistryofST are all set to launch Pakistan’s first OTT Tv (Pakistani version of Netflix) Technology part is complete have asked PEMRA to prepare a guideline on content and we will be all set to launch in PPP mode, it ll be just another humble contribution.