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Netflix to open a production hub in New York and invest up to $100 million in the city

commence spreading the news. Netflix is coming to brand-new York City in a large route.

The streaming media service has committed to invest up to $100 million to build a production hub and hire hundreds of brand-new staffers in the large Apple, according to a statement from Governor Andrew M. Cuomo.

Netflix’s brand-new production hub will include an expanded Manhattan office and six sound levels in Brooklyn that could bring hundreds of executive positions and thousands of production crew jobs to brand-new York within the next five years, according to a statement from the kingdom State Development Corp. 

“brand-new York has created a film-friendly environment that’s home to some of the best creative and executive talent in the world, and we’re excited to provide a place for them at Netflix with our production hub,” said Jason Hariton, director of Worldwide Studio Operations & Real Estate at Netflix, in a statement.

The brand-new corporate offices Netflix has planned will inhabit 100,000 square feet in Manhattan at 888 Broadway, housing 127 brand-new executive content acquisition, development, production, legal, publicity and marketing positions. They’ll join the 32 employees Netflix currently has in brand-new York.

Netflix already produces Orange Is the brand-new Black, Unbreakable Kimmy Schmidt, She’s Gotta Have It, The Irishman, Someone superb, independent Life and Russian Doll in brand-new York and has leased 161,000 square feet to build sound levels and aid spaces in Brooklyn’s East Williamsburg neighborhood.

To sweeten the pot for Netflix, the kingdom State Development Corp. has offered $4 million in performance-based Excelsior Tax Credits over 10 years, which the corporation says are tied to real job creation. To collect the incentive, Netflix must create 127 jobs by 2024 at its executive production office and retain those jobs for another five years.

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TechCrunch
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