Netflix says it will have spent £4.8 billion in the UK creative economy between 2020 and the end of 2023.
The figures were announced at an event in London, where Netflix also unveiled three new commissions: Black Doves starring Keira Knightley and produced through Sister; Department Q, adapted from the novels by Danish author Jussi Adler-Olsen, and produced by Left Bank; and a sequel to recent feature film Bank of Dave.
Anne Mensah, Netflix’s VP of Content in the UK, said: “It’s no secret that the UK produces some of the world’s most iconic entertainment. This is true for Netflix, too – from Top Boy to The Crown, Heartstopper to The Tinder Swindler, our productions are some of the buzziest, most watched and zeitgeist-defining in the world.
“We are deeply committed to the UK and I’m incredibly proud to announce today that between 2020 and 2023 we will, in fact, have invested almost US$6 billion (£4.8bn) creating Netflix series and films here – an increase of nearly 50% on what we originally anticipated.”
The figures were welcomed by UK prime minister Rishi Sunak, who commented: “It is hugely welcome to see Netflix significantly increase its investment in the UK, demonstrating the sheer strength of our TV and film industry as the largest in Europe. Our world-renowned British creative industries employ over two million people and are growing at twice the rate of the economy – and Netflix has been a key part of this success. Our creative talent is among the world’s best, producing entertainment that is watched across the globe and creating new jobs and opportunities here at home.”
John McVay, CEO of Pact, said: “We’re delighted that Netflix continues to make globally renowned series and films right across the country, investing in the UK’s world-class independent production sector and the next generation of creative talent, in addition to supporting thousands of jobs.
“This is a real sign of confidence in the UK’s screen industries, reflecting our tradition of creative excellence, highly skilled crews and state-of-the-art facilities. All of these things come together to make this country one of the best places in the world for production.”