Netflix's $2.5 billion investment in South Korean TV and film industry.
TL;DR Summary
Netflix plans to spend $2.5 billion on South Korean series over the next four years, double the amount it has spent since launching in the country in 2016. The move comes ahead of a potential Writers Guild of America strike, which could impact the availability of American content. Netflix co-CEO Ted Sarandos expressed confidence that the streamer will be able to serve its subscribers in the event of a work stoppage, and the investment in South Korean content is one way to soften the effects of a strike.
Topics:entertainment#entertainment#investment#netflix#potential-strike#south-korean-content#writers-guild-of-america
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