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Netflix has proven to be an indispensable global economic driver.

The streaming platform has become so integrated into local production systems that it contributes hundreds of billions of dollars to the global economy.
The platform needs content to remain relevant and attract/retain subscribers, and has therefore been producing its own films and series for several years in all the markets where it operates. Netflix produces in more than 4,500 cities in 50 countries and claims to have created more than 425,000 jobs. $135 billion invested, $325 billion generated: a colossal impact. Netflix recently revealed that it has invested more than $135 billion in film and series production worldwide, equivalent to a $325 billion contribution to the global economy. Ted Sarandos claims a global cultural and economic role. While viewing "foreign language" productions (not in English) represented a tenth of Netflix's audience ten years ago, it now accounts for more than a third. “What really matters are the people behind these numbers—the writers, directors, carpenters and electricians, small business owners and community members, and of course, the fans who make it all possible,” said Ted Sarandos, co-CEO of Netflix. “Over the past decade, Netflix series and films have consistently influenced what people read, buy, listen to, eat, wear, and play. We’ve brought old songs back to the top of the music charts, helped niche sports go mainstream, and boosted sales of everything from chess sets to Halloween costumes to home storage solutions,” he added. “Now we have a responsibility to keep that momentum going.” That's why, while other entertainment companies are retreating, we're moving forward by spending tens of billions of dollars on content each year, investing in production infrastructure from Spain to New Jersey, and growing the entertainment industry through training programs that have reached more than 90,000 people in over 75 countries.
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