Netflix Commits $2.5 Billion to Korean Content Over Four Years
TL;DR Summary
Netflix has announced plans to invest $2.5BN in South Korean series, films, and unscripted shows over the next four years, which is twice the amount it has invested in the country since launching there in 2016. The announcement was made by Netflix co-CEO Ted Sarandos during a meeting with South Korean President Yoon Suk Yeol in Washington. The investment is expected to strengthen the long-term partnership between Netflix and South Korea's creative ecosystem.
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- Netflix to invest $2.5 bln in South Korea to make TV shows, movies Reuters
- Netflix announces 3 trillion won investment in Korean content over the next four years allkpop
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