Netflix will open a production center in New York and invest up to $ 100 million in the city – TechCrunch



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Start spreading the news. Netflix arrives in New York in large quantities.

The streaming media service is committed to investing up to $ 100 million to build a production center and hire hundreds of new employees in the Big Apple, according to a statement from Gov. Andrew M. Cuomo .

Netflix The new production platform will include an expanded office in Manhattan and six film studios in Brooklyn, likely to generate hundreds of executive positions and thousands of production team jobs in New York City in the next five years, according to a statement from Empire State Development Corp.

"New York has created a film-friendly environment that is home to some of the world's best creative and executive talent, and we are thrilled to give them a spot at Netflix through our production center," said Jason Hariton, director of Worldwide Studio. Operations & Real Estate at Netflix, in a statement.

Netflix's planned new offices will occupy 100,000 square feet in Manhattan at 888 Broadway, and will include 127 new acquisition, development, production, legal, advertising and marketing positions for executives. They will join the 32 Netflix employees in New York.

Netflix already produces Orange is the new shatterproof black of Kimmy Schmidt, she must have it, the Irish, someone of great, private life and the Russian doll in New York. .

To soften the pot for Netflix, the Empire State Development Corp. offered $ 4 million of Excelsior tax credits based on performance over 10 years, which, according to the company, is tied to the actual creation of jobs. To take advantage of this benefit, Netflix must create 127 jobs by 2024 in its executive production office and retain them for five years.

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