iQIYI and Netflix sign licensing agreement

LOS ANGELES — iQIYI and Netflix have signed a content licensing agreement for a subset of Netflix original series like Stranger Things and Black Mirror. Though expectations of our deal are modest in scope, we are delighted that consumers will be able to enjoy these highly-popular series on iQIYI, the leading online video platform in China. Our cooperation will be subject to the relevant regulations on online streaming of imported drama and film content in China.