Netflix is expanding in the U.K.

October 09, 2020
Netflix is expanding in the U.K.

The expansion could signal an investment in the British creative segment

Successful productions mean successful production companies. So it seems to be the case of the American producer and online streaming network, Netflix.

Netflix announced that it would expand its London offices threefold after the series of successful shows such as "The Crown" and "Sex Education." The offices will be in London's West End in the Copyright Building. The current location is near Oxford Circus. This move "will ensure that we can better serve our members and the local creative community, including investing in stories like 'The Crown,' 'Sex Education,' 'Rebecca' and 'Too Hot To Handle,' that are made in the U.K. and watched by the world."

Through this expansion, more jobs are expected to be created. There are currently 269 people employed by Netflix in the U.K. Also, more than 50 productions have been made in the past year.

Netflix seems to be on a roll now more than ever, given the pandemic. Since the beginning of the year, its stock price went up 64%, and 16 million people opened accounts during Q1.

Currently, Netflix's stock price is up 1.27%.


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