Netflix Will Invest Up To $100 Million In a NYC Production Hub

Netflix is establishing an NYC production hub that will include six sound stages in Brooklyn and an expanded office in Manhattan's Flatiron District. 'It should create 'hundreds of jobs' (including 127 executive, marketing and production development roles) over the next five years, and should foster up to $100 million in investments, according to Governor Cuomo,' reports Engadget. From the report: The sound stages will also have the capacity for 'thousands' of jobs, Cuomo said, although that's likely to vary widely based on what's in production at any given time. Not surprisingly, there are financial incentives attached to the move. The state is offering up to $4 million in tax credits over 10 years, although those are contingent on Netflix's ability to both create the 127 promised office jobs and keep the 32 existing positions.

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