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Netflix breaks ground on $900M movie studio at former NJ army base

1. Netflix broke ground on a $900 million hub in New Jersey. 2. The facility will create thousands of jobs and boost local economy. 3. New Jersey offered Netflix $387 million in tax credits for this expansion. 4. Tax credits can cover up to 35% of production expenses. 5. The facility is set to enhance Netflix's East Coast production capabilities by 2028.

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FAQ

Why Bullish?

The expansion represents a strong strategic investment, akin to their prior successful expansions that positively affected stock prices, like the global expansion in 2016 which drove subscriber growth.

How important is it?

The infrastructure build-out is significant for future content generation, impacting Netflix's competitive edge and growth potential.

Why Long Term?

Investment in infrastructure will yield dividends over years, similar to Netflix’s long-term investments leading to sustained subscriber growth.

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