Netflix has spent R2.3bn in SA since 2016
The streaming service is investing in local productions to rival MultiChoice
12 April 2023 - 15:24
On the eve of President Cyril Ramaphosa’s annual investment summit, Netflix has revealed that it spent more than R2bn on film and TV projects in SA between 2016 and 2022.
On Wednesday, the world’s largest streaming service said it had invested $175m (R3.3bn) in SA, Kenya and Nigeria over the period on content production. Out of this, the lion’s share — $125m (about R2.3bn) — was for SA productions. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.