How much can Netflix grow in Asia Pacific?; Arab titles join Cannes line-up; South Indian cinema strikes again

Another busy week with Netflix’s shock news of declining subs, more Cannes announcements, the Warner Bros Discovery international restructure and another big global hit from India. Next week, Streamlined will be reporting from the Far East Film Festival in Udine, Italy, which is shaping up to be one of the first physical interactions between the film industries of Asia and Europe for some time.

1. How much can Netflix grow in Asia Pacific?

The Asia Pacific region was one of the few bright spots for Netflix this week, with its surprising news of a net loss of 200,000 subscribers in the first quarter, which sent its share price plunging by 35% and major investors like Pershing Square Capital heading for the door. This was the streamer’s first decline in subscriber numbers in more than a decade and may be followed by the loss of an additional two million subs in the second quarter.

Asia Pacific, on the other hand, added 1.09 million subs for a total 33.72 million members with “nice growth” …