Netflix Is Opening Up A Production Hub in NYC

Netflix Is Opening Up A Production Hub in NYC

The planned hub will provide up to $100 million in investments to New York City and is supposed to create 127 new jobs by 2024

Netflix is scheduled to launch a new production hub in Brooklyn as part of NYC investment. The new corporate offices will take up 100,000 square feet in Manhattan’s Flatiron District, as well as 161,000 leased square feet for sound stages in Brooklyn, space that is expected to house thousands of production jobs within five years.

Netflix must create the planned 127 new jobs by 2024 – including content acquisition, development, production, legal, publicity and marketing positions – as well as retain those new jobs and the existing 32 ones for another five years in order to receive up to $4 million tax incentive under the deal made with Empire State Development. This news comes a few weeks after Amazon abandoned the plans to create another headquarters in New York. New York Governor Andrew Cuomo stated:

“Netflix is innovative, creative and bold – just like New Yorkers – and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business. We’re proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring.”

Netflix and its studio partners have already produced some originals in New York such as “Orange is the New Black”, “Unbreakable Kimmy Schmidt,” “She’s Gotta Have It”, “The Irishman,” “Someone Great,” “Private Life” and “Russian Doll.” On the occasion of the announcement, Jason Hariton, Netflix’s director of worldwide studio operations and real estate said:

“New York has created a film-friendly environment that’s home to some of the best creative and executive talent in the world, and we’re excited to provide a place for them at Netflix with our production hub.”