From Max Greenwood of Techvibes:
Link: The half-billion dollar Netflix bet on Hollywood North
The goal of the subsidiary is twofold: one objective is to invest in Canadian content, but the other is to navigate a long-standing law that prohibits foreign companies from spending directly in Canada. Traditionally, U.S. companies had to work with local production companies to hire staff, as non-Canadian companies that seek to localize in Canada must notify the Canadian government and get approval—whether it be hiring stylists or caterers. With this new subsidiary, Netflix can now manage hiring themselves. Continue reading.
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