Netflix to Invest $62-Million into SA Film Productions -The US-based streaming giant, Netflix, said that it will invest R900-million ($62-million) in the South African film and TV productions... -
The US-based streaming giant, Netflix, said that it will invest R900-million in South African film and TV productions during the Annual Investment Conference in Johannesburg, Sandton on Thursday., the investment will cover four productions over the next two years, one of which is international and three of which are local.
The annual investment conference which seeks to secure domestic and inbound investment of R1.2-trillion over the next five years was initiated by South African president, Cyril Ramaphosa, according toOver the last five years, the streaming company invested over R2-billion in South African productions, and in 2021 it estimated that for every one local view of a South African title on Netflix, there were 26 views by households outside South Africa.
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