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Netflix, an American over-the-top content platform and production company headquartered in Los Gatos, California, has announced its latest South African film industry investment to the tune of $1.9 million (Sh208million).
According to Business Tech, the partnership with the National Film & Video Foundation (NFVF), an agency of the Department of Sport, Arts and Culture in South Africa, will see the funding of six South African produced films. Four emerging filmmakers will be offered a budget of Sh29 million to produce feature films, while two established filmmakers will be offered Sh43 million. All six productions will receive exclusive debuts on Netflix.
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