Netflix Stock Dips Amid Geopolitical Content Controversy in Vietnam
Netflix shares declined nearly 3% following Vietnam's demand to remove the Chinese drama 'Shine On Me' from its platform. The controversy stems from episode 25's depiction of China's contested nine-dash line in the South China Sea—a sovereignty red line for Vietnamese authorities.
Vietnam's Department of Cinema enforced a 24-hour takedown deadline, resulting in the series' removal by January 5. This marks the latest in a series of content clashes, including last year's 'Barbie' ban over similar map disputes. Streaming platforms now face heightened scrutiny over geopolitical sensitivities in Southeast Asian markets.
The incident underscores the growing tension between global content distribution and national sovereignty concerns. Vietnam has previously sanctioned Tencent Holdings and Image Future Investment for unauthorized nine-dash line depictions, signaling rigorous enforcement of territorial representation laws.
