Netflix (NFLX) Competitior Makes Key Connections at Allen & Co. Conference

Netflix, Inc. (Nasdaq: NFLX) might face some tougher competition as it looks to launch in India next year.

According to the NY Post, Eros International (Nasdaq: EROS) executive Kishore Lulla was at the Allen & Co. retreat last weekend, talking up his Netflix-like venture in India with names like Warren Buffett, Jeffrey Katzenberg, and Softbank's Masayoshi Son.

Eros is said to be in talks to sell a stake in the streaming video business, which may have around 19 million subscribers.

Eros International co-produces, acquires, and distributes Indian language films in various formats worldwide, according to a company description.

Netflix is looking to launch in India by the end of 2016, the Times of India recently reported.

Shares of Netflix are up 4 percent.

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