Netflix Canada to sink $500M in to new English and French Canandian content

OTTAWA – Netflix is building a permanent film and television production company in Canada that will invest at least $500 million in original content in both official languages over the next five years.Folded in to Heritage Minister Joly’s new Investment Canada Act, the agreement is the first of its kind outside the United States for the streaming giant, who pledged to be “a meaningful partner in supporting Canadian creators, producers and the Canadian creative expression.”Netflix also agreed to highlight and promote the new Canadian content to its subscribers in Canada and internationally, plus create a "market development strategy" to support Canadian French-language content on its platform. Centered on...