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Netflix boosts SA’s TV, film industry with R900m capital injection

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Netflix makes R929 million commitment to support SA’s film and TV industry. SAIC2022 NetflixSA

The subscription video-on-demand platform made the announcement this morning at the fourth installment of the South Africa Investment Conference , under way at the Sandton Convention Centre.

Since the first investment conference in 2018, the country has attracted R770 billion in commitments across a wide range of economic sectors. It is expected the investment pledge will cover four productions that will be filmed in South Africa this year and in 2023.Speaking to public broadcaster the SABC, Netflix’s Shola Sanni said the investment demonstrates the streaming service “really loves” South Africa and believes in the local talent and creativity that comes out of the country.

Besides it being a large investment, Sanni points out the funds will go a long way towards job creation.

 

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