The streaming giant is leasing seven soundstages at the Canadian Motion Picture Park studio complex. CMPP’s Burnaby, B.C.-based production centre has 18 soundstages in total, encompassing over 350,000 square feet. (The Hollywood Reporter)

Talking point: This is Netflix’s second major production hub in Canada—in February 2019, it announced it was leasing 250,000 square feet in Toronto. In 2017, it committed to investing $500 million in Canadian production, exceeding that goal just two years later. Because it is a foreign streaming service, Netflix is generally not obligated to pay federal sales tax and is excluded from meeting local-content obligations. But the streaming service is taxed in Quebec, Saskatchewan and B.C., although it, to a large extent, passed down that cost to consumers by raising their subscription rates. Television and film production adds sizably to the Canadian economy—in 2018–2019, it generated $12.7 billion in revenue.