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Netflix to open third European office

Already has bases in London and Amsterdam

Netflix has announced it is to open an office in Paris, its third in Europe.

The Paris office will open with about 20 employees, some of whom are already working for the streamer in Amsterdam, and others who will be new hires.

The French bureau won’t be dedicated to production as is the case in Spain, where Netflix recently opened its first European production hub to make Spanish-language content. Instead, it will have staff working across production, acquisition, and marketing.

Speaking about the new office, Netflix CEO Reed Hastings said the SVoD now has over 3.5 million subscribers in France.

“Our international growth outside of the US is 72 million and France has been a fast-growing and exciting part of that,” said Hastings.

He also said that, after a month of discussions with France’s National Film Board, or CNC, Netflix has agreed to start paying a two per cent tax on its annual revenues in France.

“We just wrote a first check to the CNC,” said Hastings. “It’s not as much as what Canal Plus pays, but we’re not getting the subsidised content.”

“We’ve become a good European citizen, so that we avoid the problems that other growing companies have had.”