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

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.

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 »

Netflix to invest $63m in SA’s film and tv industryGlobal streaming giant netflix Inc. is turning its attention to South Africa as it looks to boost subscriber numbers on the continent. Moneyweb BusinessNews
Source: Moneyweb - 🏆 5. / 77 Read more »