U.S. video giant Netflix is set to open a corporate office in Canada and will hire a first-time content executive to deal directly with local Canadian producers. "Canada is an amazingly diverse country and growing our presence locally will help us share more authentically Canadian stories with the world, whether through the development of original content or through co-production and licensing opportunities," Netflix co-CEO Ted Sarandos said on the company's media blog site on Wednesday.
Netflix entered the Canadian market in 2010, but for years had no Canadian corporate office or presence to avoid paying taxes and local content obligations.
Read more on hollywoodreporter.com