Netflix doubles down on South Korean content with $2.5 billion investment

📆 4/26/2023 1:46 PM
📰 GuardianNigeria

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Netflix Inc (NFLX.O) said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows, doubling its investment in the market since 2016.

In 2016, the global streaming service, Netflix, announced its presence in Africa’s most populous country with streaming on the platform of ‘Fifty’, an Ebony Life Studios film directed by the

late Biyi Bandele. Four years after, in 2020, Netflix Naija was born as the company acquired the rights to Genevieve Nnaji’s 2018 film, ‘Lionheart’, and began their own commissioned projects.

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