Despite recent layoffs, Netflix said it is doubling down on Los Angeles, filming at least 70 productions in the area this year as the streamer spends roughly $18 billion on content globally.
Transphobic jokes don’t play in every room, the comic says. “It’s a misconception that just because someone has a large platform, they are universal.”The company has production hubs worldwide, including Toronto, Madrid, Tokyo and London as well Albuquerque, N.M., and Brooklyn, N.Y. But L.A. remains the busiest U.S. film location for the streaming giant. Like other states, California offers film tax credits to lure studios and their crews.
Gregg Mettler, showrunner and executive producer of “That ’90s Show,” says it “goes a long way toward creating an upbeat and positive set” when people can spend time with their loved ones. His production supports 150 families. Los Angeles is also home to Netflix’s largest employee base. The company’s local office footprint is larger than streaming rivals such as Amazon Studios or Apple TV+. Netflix employed roughly 11,300 employees worldwide in December, with a little less than half working in L.A.
Patap said Netflix’s past growth helped fuel more building developers to market their properties to streamers during the pandemic, especially as there was hesitancy about traditional office space during the pandemic. Areas that have benefited from the growth of video streaming include Culver City and Playa Vista.As Netflix grapples with a loss in subscribers, the company’s vaunted “team” culture is coming under strain as some employees worry about their future.
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