Netflix commits to invest $400 million in Canadian productions

Jan Thus

For the first time ever, Netflix is setting up a permanent production presence outside of the US and it has chosen Canada. The video streaming service plans to invest at least $400 million for the production of Canadian films and TV shows over the next five years. Netflix will be working on shows and movies in both English and French and they plan to work with local studios and producers. This deal has been made as part of Netflix’s and the Canadian government’s push to support digital innovation. If Netflix fails to deliver on its commitment within the timeframe, the Canadian government can reportedly impose fines on the company.

Netflix has already been doing work in the country, though. One of these is the six-hour miniseries Alias Grace, which is based on Margaret Atwood’s novel and is co-produced by CBC, Netflix, and Halfire Entertainment. It’ll air on CBC in the country and stream on Netflix globally starting Nov. 3^rd.

Source: Variety