Over the next five years, Netflix’s growth in Canada is expected to grow exponentially. The streaming giant agreed with the Canadian government to invest at least $500 million Canadian (roughly $400 million in U.S. Dollar) for original content to be produced in both English and French.
The streaming giant will set up a permanent film and TV presence in the Great White North. This is the first time Netflix has done so outside of the United States.
Ted Sarandos, Netflix’s Cheief Content Officer spoke about the announcement saying that it affirms that,
“There’s more to come as Netflix launches Netflix Canada, our permanent production presence in Canada. We look forward to continuing our work with Canadian talent, producers, broadcasters, and other local partners to create Netflix originals in Canada for many years to come.”
Since this announcement, the first co-production between Netflix, the Canadian government based, CBC, and Halfire Entertainment will be a six hour miniseries called Alias Grace.
Set to star Anna Paquin and Sara Gadon, this adaptation of the Margaret Atwood novel of the same name is set to air on CBC Television live on November 3, 2017 while being available for streaming on Netflix globally at the same time.