EM3’s Co-founder and Managing Partner Ajay Mago was recently interviewed for an article by CNBC on the ‘Squid Game’ success and Hollywood’s trend towards international production.
Here are a few excerpts from the article:
- Netflix has its biggest hit ever with “Squid Game”
- Investing in local international productions also saves Hollywood studios on investing in expensive intellectual property.
- Hollywood studios save millions of dollars by hiring local talent instead of Hollywood stars, collecting tax credits and rebates from hungry nations looking for bumps in tourism and recognition, and avoiding American union regulations.
To view the article, click HERE.