News Formal

Netflix to invest $63m in SA’s film and tv industry

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Global streaming giant netflix Inc. is turning its attention to South Africa as it looks to boost subscriber numbers on the continent. Moneyweb BusinessNews

Global streaming giant Netflix Inc. is turning its attention to South Africa as it looks to boost subscriber numbers on the continent.

The company will pump R929 million into the creatives industry by 2023, with the funds covering one international production and three local shows, it announced at the South Africa Investment Conference in Johannesburg on Thursday. “South Africa is fast becoming a top global location for Netflix productions, with the country viewed as the go-to location with a robust and talented film industry,” Shola Sanni, Netflix’s director of public policy for Sub-Saharan Africa, said.

The investment conference is an annual event initiated by President Cyril Ramaphosa in 2018 that seeks to secure domestic and inbound investment of R1.2 trillion over five years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix commits over R900 million to South Africa’s film and TV industryNetflix has announced a R900 million investment into the South African film industry.
Source: BusinessTechSA - 🏆 24. / 61 Read more »