Entertainment
Netflix Creates U.K. Production Hub in European Expansion Drive
- Streaming giant needs to boost output to maintain rapid growth
- Move will cut reliance on producers like Disney, WarnerMedia
Charlize Theron
Photographer: Phillip Faraone/Getty ImagesNetflix Inc. is setting up a U.K. production hub at the historic Shepperton Studios, giving the streaming giant more space to increase output and fuel its expansion in Europe.
The company needs to boost its production firepower after big content suppliers such as Walt Disney Co. and AT&T Inc.’s WarnerMedia decided to start their own competing video services. Netflix is also creating more country-specific content to appeal to local audiences and increase its international subscriber base.