Netflix Expanding With New Production Hub In New York City

An expanded office space in Manhattan and six sound stages in Brooklyn will create up to $100 million in investments and thousands of jobs within five years.


https://businessfacilities.com/2019/04/netflix-expanding-with-new-production-hub-in-new-york-city/
An expanded office space in Manhattan and six sound stages in Brooklyn will create up to $100 million in investments and thousands of jobs within five years.
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Netflix Expanding With New Production Hub In New York City

An expanded office space in Manhattan and six sound stages in Brooklyn will create up to $100 million in investments and thousands of jobs within five years.

Netflix Expanding With New Production Hub In New York City

Netflix will expand its presence in New York with a production hub in New York City, creating hundreds of jobs and up to $100 million in investments. The production hub will include an expanded office in Manhattan that will directly create 127 high-paying executive content, marketing and production development jobs over the next five years, and six sound stages in Brooklyn with the capacity to hold thousands of production crew jobs within five years.

Netflix New York City“New York has created a film-friendly environment that’s home to some of the best creative and executive talent in the world, and we’re excited to provide a place for them at Netflix with our production hub,” said Jason Hariton, Director of Worldwide Studio Operations & Real Estate at Netflix.

Netflix’s new corporate offices will take up approximately 100,000 square feet in Manhattan’s Flatiron District. The offices will house the 127 new executive content acquisition, development, production, legal, publicity and marketing positions in addition to Netflix’s 32 current New York-based employees.

The internet entertainment service — which has a long history of production in New York including Orange is the New Black, Unbreakable Kimmy Schmidt, She’s Gotta Have It, The Irishman, Someone Great, Private Life and Russian Doll — has also leased approximately 161,000 square feet to build six sound stages and support spaces in Brooklyn. These spaces are expected to house thousands of production jobs within five years.

To support Netflix’s creation of 127 high-paying office-based jobs by 2024 – and to compete with other cities under consideration — Empire State Development has offered up to $4 million in performance-based Excelsior Tax Credits over 10 years, which are directly tied to real job creation. To receive the full incentive, Netflix must create the 127 jobs by 2024 at its new executive production office and then retain those new jobs and their existing 32 office jobs for another five years.

“Netflix is innovative, creative and bold — just like New Yorkers — and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business,” said Governor Andrew M. Cuomo. “We’re proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring.”

“As a leading provider of streaming services in America and around the world, Netflix’s expansion in New York is a significant milestone, creating the potential for thousands of jobs,” said Lieutenant Governor Kathy Hochul. “The new production hub will add office space and sound stages in Brooklyn, advancing the tech and entertainment industry in the area and continuing to invest and grow the economy of the entire State of New York.”

“Thanks to Netflix, online streaming has become as commonplace as cable television, and maybe even more accessible — and their decision to expand in New York is a validation of our work to support and develop New York’s technology, entertainment and production industries,” said Empire State Development President, CEO and Commissioner Howard Zemsky.

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