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Netflix Expanding in NYC with New Production Hub
Netflix's new corporate offices will be coming to Manhattan at 888 Broadway in the Flatiron District. Governor Cuomo announced today that Netflix will expand its presence in New York with a production hub in NYC. The corporate offices in Manhattan will take up approximately 100,000 square feet. Six sound stages and support spaces in Brooklyn will also be part of the expansion. Netflix has leased approximately 161,000 square feet at 333 Johnson Avenue in Brooklyn.
The corporate offices in Flatiron will be home to 127 new executive content acquisition, development, production, legal, publicity and marketing positions. This is in addition to Netflix's 32 current New York based employees.
Union leaders were quoted in a release regarding the Governor's announcement.
John Ford, President of Motion Picture Studio Mechanics Local 52, I.A.T.S.E., said, "Hardworking crew members are the foundation of New York's film industry and this project invests in their future. These talented individuals work every day to ensure productions go off without a hitch - and they have no bigger supporter than Governor Andrew Cuomo. I'd like to thank the Governor for helping bring Netflix's new hub to New York City."
Tom O'Donnell, President, Theatrical Teamsters Local 817 said: "There are few companies in our industry that are as forward thinking as Netflix. With this news, we'll continue to add solid, middle class jobs to already record employment. The climate for this to happen would not exist without the wildly successful New York State Film Tax Credit Program - and I applaud Governor Cuomo for his foresight and continued support."
The Empire State Development has offered up to 4 million in performance-based Excelsior Tax Credits over ten years for real job creation. Creating 127 high paying office based jobs by 2024 at its new executive offices, retaining those jobs and the existing 32 office jobs for another five years is how the deal is pitched.
Jason Hariton, Director of Worldwide Studio Operations & Real Estate at Netflix said, "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."