Netflix Announces Plans Of Investing R900 Million Into The South African Film And Television Industry
Netflix Announces Plans Of Investing R900 Million Into The South African Film And Television Industry. Global streaming giant Netflix announced at the 4th Annual South African Investment Conference that it is planning on investing R900 million into the South African Film And Television Industry by working with local production companies.
Netflix expressed its interest in working with productions such as Film Afrika, Gambit Film, Quizzical Pictures and Burnt Onion in an attempt to boost the South African film and TV industry. This is because Netflix has been working with South African productions to produce shows that have been successful and has also been filming in the country due to the country’s beautiful shooting locations.
Netflix has worked on shows such as Blood & Water, which is a series that was also filmed in the country. This made it realise that South Africa has a lot of talented individuals and organisations that can deliver world class shows. With this investment Netflix is set to build and grow its contributions to the South African Film And Television Industry, by doing this it will also be creating employment opportunities and giving exposure to the plethora of talented individuals in the SA Film industry.
Netflix, Inc. is an American subscription streaming service and production company. Launched on August 29, 1997, it offers a library of films and television series through distribution deals as well as its own productions, known as Netflix Originals. Netflix can be accessed via internet browser on computers, or via application software installed on smart TVs, set-top boxes connected to televisions, tablet computers, smartphones, digital media players, Blu-ray Disc players, video game consoles and virtual reality headsets on the list of Netflix-compatible devices.
Through this investment, the SA Film industry is set to grow as this will also attract other global production companies to work with local production companies so that they can tell authentic, quality South African stories.
