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Netflix to invest CAD 500 mln into original Canadian content

Friday 29 September 2017 | 10:53 CET | News
Canadian Heritage Minister Melanie Joly has announced a government initiative to promote Canadian cultural productions and their export abroad, CBC reported, adding that the minister has called on global players like Netflix and Facebook to participate. Joly said Netflix has committed CAD 500 million to fund Canadian productions over the coming five years and to build a permanent production presence in the country. Money will also go on French-language content. The minister said the pledge was the biggest investment in Canadian content from a foreign company in the last 30 years. Joly said

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Categories: Broadcast & Satellite / Internet
Companies: Facebook / Netflix
Countries: Canada
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