Netflix CEO says plans to open offices, pay tax in Italy

ROME (Reuters) – Netflix Inc (O:) plans to open offices and start paying tax in Italy, Reed Hastings, chief executive of the U.S. video streaming service said on Tuesday after launching a production partnership agreement with Mediaset (MI:).

He said Netflix, which has just over 2 million subscribers in Italy, would invest some 200 million euros over the coming two years in Italian films but had no plans to open production studios in the near term.

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