Netflix Accelerates Canadian Investment as Streaming Competition Heats Up

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Netflix Accelerates Canadian Investment as Streaming Competition Heats Up
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Netflix's $400 million film and TV spending commitment to Ottawa has been met three years ahead of schedule.

Netflix on Thursday said it has met a $400 million Canadian film and TV investment commitment three years ahead of schedule.

Netflix has drawn fire from local broadcasters and cultural groups for its agreement with Ottawa sparing the U.S. media giant fiscal and local content obligations already imposed on Canadian broadcasters and cable operators.

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