Netflix Defends $500 Million Canadian Investment: “No Tax Deals Were Part Of The Approval”

Corie Wright, director of global public policy, argued the streaming service’s position in a lengthy blog post today. In the post, headlined “What Netflix’s half a billion CAD investment in Canada is really about,” Wright says the company is committed to being a good corporate citizen. The five-year commitment of $500 million Canadian ($400 million U.S. at current exchange rates) “means certainty that Netflix will continue to play a large role in the Canadian production community,” she wrote. “We have invested in Canada because Canadians make great global stories. That says more about the quality and strength of Canadian content, talent, and crew than a commitment of any dollar amount.” – Dade Hayes, Deadline Hollywood