$Netflix (NFLX.US)$ Netflix on Tuesday announced steep pric...

$Netflix (NFLX.US)$ Netflix on Tuesday announced steep price cuts of up to 60% in India, Aims to regain market share from $Amazon (AMZN.US)$ and $Disney (DIS.US)$. The company said in a statement on Tuesday that it had cut prices on all of its four-tier packages, with the biggest reduction coming from 499 rupees to 199 rupees ($2.60) a month for the entry-level package. The new price will make streaming services more accessible to Indian viewers.