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Entertainment Media/Telecom

Netflix Takes New York City

Netflix is expanding in New York. The streaming giant will open new corporate offices in Manhattan and a production hub in Brooklyn, New York Gov. Andrew Cuomo announced. The expansion will bring 127 executive jobs to New York over the next five years. In return, the state of New York has given the streaming service $4 million in tax credits, via its economic development agency.

Netflix’s New York office move comes as the company expands its footprint past its Northern Californian roots. The company recently leased the entirety of a 13-story office building on Hollywood’s Sunset Bronson studios, and is building a production facility in Albuquerque, New Mexico. It’s making similar moves across the globe—earlier this month, CEO Reed Hastings inaugurated the company’s latest production hub in Madrid.

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