Netflix Boasts Confidence in UK With $6 Billion in Programming Investment Since 2020
thewrap.com232.5 million subscribers globally as of the first quarter of 2023, including 77.37 million in its Europe, Middle East and Africa (EMEA) region.
EMEA revenue declined 6% year over year to $2.5 billion during the quarter and average revenue per user for the region came in at $10.89.“It is hugely welcome to see Netflix significantly increase its investment in the UK, demonstrating the sheer strength of our TV and film industry as the largest in Europe.
Our world renowned British creative industries employ over two million people and are growing at twice the rate of the economy – and Netflix has been a key part of this success.
Our creative talent is among the world’s best, producing entertainment that is watched across the globe and creating new jobs and opportunities here at home.”In addition to its increased investment in the UK, Netflix has committed an additional $2.5 billion to Korean shows and films through 2027.Upcoming British television projects from Netflix include “Heartstopper” Season 2, “The Witcher” Season 3, “Black Mirror” Season 6 and “The Crown” Season 6.
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