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Netflix to Make Movies in Italy With Berlusconi’s Mediaset

Companies sign multi-year agreement to co-finance seven films
U.S. streaming platform to contribute biggest share of funding

Logos Of FAANG Tech Companies — Photographer: Jason Alden/Bloomberg

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October 3, 2019, 11:07 AM UTCUpdated onOctober 3, 2019, 2:23 PM UTC

Netflix Inc. has struck a movie-making alliance with Silvio Berlusconi’s Italian broadcaster Mediaset SpA, in the U.S. streaming giant’s latest effort to clinch more European viewers.

The companies will co-finance seven titles and Netflix will contribute most of the funding, according to people familiar with the matter. Netflix Chief Executive Officer Reed Hastings will be in Rome next week for an event to announce the multi-year deal, said the people, who asked not to be named because the plans are not public.