U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.
it was reported that, launched in 2014 in France, where it employs 40 people, and has existing operations in Paris – Netflix has developed 24 French titles, including six films, nine series and three documentaries.
It plans to produce several new shows over the coming years as well as a range of series and films made by production partners.
According to Reuters, in an interview with French weekly L’Express, Netflix Chief Executive Reed Hastings said his company now has 6.7 million subscribers in France and that the firm will invest more than 100 million euros to create new French-language content in 2020.
Among the new productions are the new film BigBug, a comedy set in the future co-written by “Amelie” director Jean-Pierre Jeunet, and a series about gentleman-burglar Arsene Lupin, starring French actor Omar Sy.
Netflix’s offensive follows the French government saying it would force platforms such as Netflix to dedicate up to 25% of their French revenue to fund domestic French content production.
Netflix has come under fire in France for disrupting a finely regulated system of subsidies meant to encourage production of French-language films and series.