Global streaming service Netflix is expanding its presence in New York City.
Netflix’s development plans include a Brooklyn-based production hub at 333 Johnson Avenue that is expected to house thousands of production jobs within five years. The company has already leased approximately 161,000 square feet to build the six sound stages and support spaces for the production outfit.
Additionally, the production hub will include an expanded office in Manhattan that will create 127 executive content, marketing and production development jobs by 2024, in addition to the company’s current 32 New York-based employees. The streaming platform’s new corporate offices will take up roughly 100,000 square feet at 888 Broadway in Manhattan’s Flatiron District.
Netflix’s investment in the Big Apple could reportedly bring up to $100 million in investments to the city.
“As a leading provider of streaming services in America and around the world, Netflix’s expansion in New York is a significant milestone, creating the potential for thousands of jobs,” said lieutenant governor Kathy Hochul, in a statement. “The new production hub will add office space and sound stages in Brooklyn, advancing the tech and entertainment industry in the area and continuing to invest and grow the economy of the entire State of New York.”