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Netflix is working on more than 40 local productions in Europe, said Larry Tanz, the streaming platform's vice president of content for Europe, Middle East and Africa (EMEA). Currently, several European countries, such as Germany, are making investment commitments to ensure streaming platforms invest in more European content.
Over the past year and a half, many competing streaming platforms have slowed down or stopped altogether producing their European content. Paramount+ said it would cut regional content, while Sky has halted production of local films and series. He writes Screen daily. Regarding the investment commitments made by European Union countries, Tanz mentioned this
We are currently investing. We need to invest to bring amazing stories to subscribers. In our opinion, and in my opinion, flexibility is a great way to encourage creativity.
He cited Spain as a good example, pointing to Netflix's investment in the Tres Cantos studio near Madrid, where the film Kaos was filmed. “We work a lot in Spain. It is a country with obligations, but there is a lot of flexibility in it,” said the Vice President of Europe, Middle East and Africa. According to him, Netflix has become more flexible regarding rights: initially it followed the “Hollywood model” of rights ownership, Now it only has 25 percent of European content,” Tanz told me
Netflix is producing 40 productions in Europe in March and is working with more than 400 producers.
The streaming platform currently has 11 offices in the region.
Recently, we heard that the $100 million contract between Netflix and Prince Harry is at risk and it is uncertain that the streaming service and the royal couple will continue to work together. The CEO has now broken his silence and responded to the rumours.
