PARIS (Reuters) – U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.
French Culture Minister Franck Riester, Reed Hastings, co-founder and CEO of Netflix and Paris Mayor Anne Hidalgo attend the inauguration of Netflix new offices in Paris, France, January 17, 2020. REUTERS/Gonzalo Fuentes
Launched in 2014 in France – where it employs 40 people, and has existing operations in Paris – Netflix has developed 24 French titles, including six films, nine series and three documentaries.
It plans to produce several new shows over the coming years as well as a range of series and films made by production partners.
Netflix has seen its customer base grow quickly in recent years thanks to a rich catalog of movies and series, allowing it to grab market share from long-established local pay TV operator Canal+ – a unit of media conglomerate Vivendi – which had 16.2 million…
Source Reuters Tech News