Netflix will nearly double the number of French language originals
0Reported today on The Verge
For the full article visit: https://www.theverge.com/2020/1/17/21070762/netflix-french-language-originals-paris-office-expansion-europe
Reported today in The Verge.
Netflix will nearly double the number of French language originals
Netflix today signaled a significant new investment in France with the opening of its new Paris office and a content roadmap that will see the streaming service nearly double the number of French language originals it has produced so far. Since 2014, Netflix has produced 24 productions in French, including six films and nine television series. But the new plan is to add 20 new productions, and to grow its new corporate presence in Paris consisting of 40 employees to one nearly three times the size.
Netflix is doing similar expansions across the globe, including elsewhere in Europe and in South America. The company has plans to open offices in Germany and Italy, and last year it opened a large office in Mexico City. It also has offices in England, the Netherlands, and Spain.
The goal is to diversify its lineup of shows and movies to attract more international customers, especially as growth in its US subscriber base has hit its upper limit and competition from domestic giants like Disney and HBO heats up. Last July, the number of Netflix customers in the US declined For the first time ever. That's made Netflix's focus on international expansion more crucial than ever before.
Netflix has had successful run with foreign language shows, including Spanish language crime thriller hits like Narcos and Money Heist and German language sci-fi show Dark. It's also struck gold with some of its foreign language films, including Oscar nominated Roma from Mexican director Alfonso Cuarón. And Netflix is investing heavily in Japanese language content, including securing the worldwide streaming rights to the legendary Hideaki Anno anime Neon Genesis Evangelion, as another segment of the str