Netflix Accelerates Canadian Investment as Streaming Competition Heats Up

Netflix on Thursday said it has met a $400 million Canadian film and TV investment commitment three years ahead of schedule.

Netflix has drawn fire from local broadcasters and cultural groups for its agreement with Ottawa sparing the U.S. media giant fiscal and local content obligations already imposed on Canadian broadcasters and cable operators.

Well, at least they’re trying to cut production costs. That’s a slight move in the correct direction.

Well, at least they’re trying to cut production costs. That’s a slightly move in the correct direction.

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