Netflix to pump R900-million into South African productions

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Netflix to pump R900-million into South African productions
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Netflix has told the South African Investment Conference that it plans to invest R900-million in local content production over the next two years.

giant Netflix told the fourth annual South African Investment Conference in Sandton on Thursday that it plans to invest R900-million in local content production over the next two years.

The local productions will be showcased on Netflix’s global platform, available to 222 million subscribers “Since our launch [in South Africa] in 2016, we’ve been working with creators and distributors to bring high-quality stories that showcase the best of the country’s creativity and talent to a global audience — and this is only the beginning,” said Shola Sanni, Netflix’s director of public policy in sub-Saharan Africa, in the statement.

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