Netflix announced on Tuesday the establishment of its first content production hub on European soil, precisely in Spain. The international online video entertainment platform is on a journey to expanding in different languages. The company stated that the new production center located on the outskirts of Madrid will initially occupy close to a quarter of the 22 000 square-meter production hub currently under construction by Grupo Secuoya, a leading Spanish media company.
The studios are expected to begin operations in September which will help Netflix’s “growing slate of Spanish-language original content,” including new and existing titles, co-produced or handled by Netflix alone. The over the top international online media platform is succeeding in spreading its wings across the world, reaching millions of people with its contents and changing the face of entertainment.
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Netflix is actually in decline stages. I’m not sure of expanding.