Ten years after its big global expansion, Netflix has released a report touting what the streaming giant says has been its contribution of more than $325bn to the global economy over the decade and investment of more than $135bn in films and series.
In a blog post, company co-CEO Ted Sarandos said the report, titled The Netflix Effect, shows the “economic, cultural and social impact of our films and series, and how it ripples out across economies, industries and everyday life.”
The report comes as Netflix faces increased regulation in some countries and concerns over the company’s growing reach in the film and TV business, concerns that were aired during the streamer’s failed attempt to buy Warner Bros’ streaming and studios business.
The report marks a decade since Netflix produced its first original series outside the US – Mexican drama Club De Cuervos – and expanded its global operations from around 60 countries to more than 190.
Among other facts, the report notes that Netflix has worked with more than 2,000 production companies around the world during that decade, created more than 425,000 jobs on its productions and produced original series and films in over 50 countries and 50 languages.
“While other entertainment companies pull back, we’re leaning in,” said Sarandos in his post, “spending tens of billions of dollars on content every year, investing in production facilities from Spain to New Jersey, and growing the entertainment industry through training programs that have reached over 90,000 people across more than 75 countries.”
No comments yet