Netflix to invest R900 Million in South African TV and Film industry

The South African Film and Television continue attracting international investments. 

Netflix promised to invest R900 Million in the South African TV and Film sector between 2022 and 2023. 

The streaming giant announced at the 4th Annual South African Investment Conference that took place recently in Sandton. 

To make these plans a possibility, Netflix will partner with local television production companies such as Film Afrika, Gambit Films, Quizzical Pictures and Burnt Onion. 

The streaming’s investment and production are expected to create opportunities for over 50 cast members from South Africa, with over 1,000 full-time crew member jobs (consisting of 67% previously disadvantaged individuals and 46% youth employees). 

This move, will also include a mentorship programme for over 30 young creatives and technicians in collaboration with the SA Film Academy during 2022. 

Shola Sanni, Netflix’s Director of Public Policy in Sub-Saharan Africa said, “Netflix is committed to South Africa for the long term and we’re investing in talent both in front of and behind the camera. Since our launch in 2016, we’ve been working with South African creators and distributors to bring high-quality stories that showcase the best of South Africa’s creativity and talent to a global audience – and this is only just the beginning.” 

“Netflix will continue to create new opportunities and help to build up the talent required to support local productions and grow the diversity and variety of stories. Netflix will also develop and work with the industry on more industry development and skills transfer/training initiatives to contribute meaningfully to the South African creative industry’s growth,” Sanni added.

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