Netflix is joining the rush for a slice of China's fast growing entertainment industry.
The incentive is obvious: China is the world's third largest market for entertainment and media, according to Pricewaterhouse Coopers, and could be worth as much as $214 billion by 2018.
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger25
12:23 Lockheed Martin's quarterly profit handily beats estimates28
11:41 Caterpillar earnings: 85 cents per share, vs expected EPS of 76 cents24
10:33 U.K. approves crucial third runway at London's Heathrow16