Netflix and NFVF to fund South African movies

Netflix and the National Film and Video Foundation (NFVF) have announced a R28-million partnership to fund the production of South African “micro-budget” feature films.

The agreement will see both partners contributing R14 million each in support of the production of local films, which will include exclusive debuts on Netflix.

The partnership will see 6 local films funded, categorised into two streams: four feature films with a budget of R4 million each, and two feature films with a budget of R6 million each.

Makhosazana Khanyile, the CEO of the NFVF, said that the organisation appreciates Netflix’s investment in local content.

“The incorporation of digital platforms into our traditional processes can only benefit the industry further. We hope this is simply the start in what will no doubt be a long and fruitful relationship,” Khanyile stated.
“Now, we’re excited to take this a step further with this joint fund with NFVF for above-the-line talent,” said Netflix’s director of Content in Africa, Ben Amadasun.