Netflix CEO Says Company’s Future is in Local Content

CNBC: Locally produced, globally distributed content is the future of Netflix, according to co-founder and CEO Reed Hastings. The streaming service will invest heavily in international programming that will be released to all markets simultaneously, he said, such as upcoming French television series “Marseilles” and South Korean film “Okja.” “We hope to be producing content all around the world. That’s the future for Netflix: local production, global distribution.”