Ted Sarandos praises “power of Korean storytelling” ahead of Netflix doubling investment to $2.5bn 

Netflix co-CEO Ted Sarandos is in Seoul to tout the streaming giant’s $2.5bn investment in South Korea, meet with production partners like Park Chan-wook and expound on economic ripple effects.

At an event attended by production partners and press at Seoul’s Four Seasons Hotel today (June 22), the streaming giant executive said: “Over the next four years, we will invest $2.5bn in Korea. That’s roughly twice as much as we’ve invested since we first launched our service here in 2016. And it includes funding for training programs for the next generation of creators in front of and behind the camera.

Source: Ted Sarandos praises “power of Korean storytelling” ahead of Netflix doubling investment to $2.5bn | News | Screen