Many may not know this, but Netflix's co-CEO Greg Peter on Wednesday talked up the company’s investment in UK production. If you haven't noticed, Netflix's UK production hub is very different from its US production hub. You can see a main difference in their productions if you look at their UK-based shows and films. For example, think of shows like BABY REINDEER, ADOLESCENCE, as well their acquired shows from BLACK MIRROR, TOP BOY, and PEAKY BLINDERS.
They revealed that the extensiveness of their production comes down to the combination of talent and incentives. “We’ve spent over a billion pounds [a year] on UK productions since 2020, so this is over 100 titles that we’ve done, and we’ve worked with over 50,000 cast and crew here. And I think you’ve seen some amazing shows as a result” from Adolescence to Dept. Q, Black Doves, The Gentlemen and Toxic Town, Peters said today at the Wall Street Journal’s CEO Council in London.
This is great news since Netflix is looking to emulate their UK production hub to their US production hub. Understanding that Netflix's global and domestic power can foreshadow a possible change in Hollywood's pessimistic outlook of production halts.
What do you think? Is this a sign of a possible shakeup in not only Netflix's production but Hollywood as a whole?