Along with taking over Shepperton Studios, where a majority of UK Netflix content will eventually be filmed, Netflix is pumping $500m into Netflix UK’s production budget, helping it become the marketplace with the second-highest annual budget after the US.
Netflix is to spend $500m (£400m) on new British content in 2020, in a further attempt to see off competition from looming streaming services Disney+ and Apple TV.
Netflix is preparing itself for a wave of rival services launching in the next six months.
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