The Cats Entertainment, one of the two companies of Netflix in Spain, paid a total of 412,775 euros in taxes in Spain in 2020, compared to 183,544 euros in 2019, according to the company’s annual accounts, to which Europa Press has had access.
The streaming audiovisual content company operates in Spain through two companies: Los Gatos Entertainment Spain and Netflix Transmission Services Spain. Thus, the figures published this Friday do not reflect, therefore, the totality of Netflix accounts in Spain, since the total will be higher when the results of your other company are released.
With respect to net profit after taxes from Los Gatos Entertainment Spain, in 2020 amounted to a total of 653,822.76 euros, compared to 518,961 euros the previous year, while personnel expenses stood at 7,602,888 euros, including benefits and social security contributions (3,539,652 the previous year).
At the end of last year it was made public that as of January 1, 2021 there would be a change in its distribution model and consequently, Netflix would recognize the income it generates in Spain. This will begin to be reflected in fiscal year 2022.
Netflix contribution in Spain
In April 2019, the streaming audiovisual content company inaugurated the first European production center in Tres Cantos (Madrid) and, recently, it has announced the expansion of the aforementioned audiovisual hub.
In relation to the production figures, between 2016 and April 2021 it has released more than 50 titles made in Spain, in which creators such as Álex Pina, Carlos Montero or Mariano Barroso have worked; or filmmakers such as Isabel Coixet, Daniel Sánchez Arévalo, Dani de la Orden, Carles Torras or Juana Macías.
In 2020, 16 Spanish titles were released: five new seasons of ‘Elite‘, ‘The Money Heist‘, ‘Cable girls‘, ‘High seas‘; five series like ‘Valeria‘,’ Someone has to die ‘,’ Midas’s favorites’, ‘The disorder you leave’ and ‘Memories of Idhún’; three films such as ‘Home’, ‘Secret origins’, ‘The practitioner’; two new productions without scripts -The paper house: The phenomenon, A Cantar! -; and the documentary ‘La Línea’.
In this sense, In the first half of 2021, the platform announced 13 new projects: four films such as’ We were songs’ or ‘The Beast’, three new productions without scripts such as’ Insiders’ or ‘Georgina’, a documentary, two new seasons and three new series (‘Alma’, ‘Feria’ or ‘El tiempo what I give’).
Also, in the last five years, Netflix has worked with more than 35 local partners, the vast majority of these companies (more than 95%) are small or medium-sized companies. Some of them are Bambú Producciones (‘Cable girls’, ‘Alta Mar’, ‘Jaguar’, ‘Caso Alcasser’ and ‘800 meters’), Vancouver Media (‘La casa de papel’, ‘Sky Rojo’), Zeta Fiction TV (‘Elite’, ‘El Vecino’) or VACA Films (‘The Disorder you leave’).
In terms of employment, between 2016 and April 2021 Netflix has created more than 7,500 jobs for the cast and crew, along with more than 41,000 work days for extras. Company sources have told Europa Press that they estimate this will translate into another 1,500 cast and crew jobs, plus 21,000 additional work days for extras in 2021.
Between 2018 and 2021, more than half of Netflix productions shot in Spain (53%) included locations other than Madrid, a figure has gone from 33% in 2018 to 60% in 2020. It is currently shooting in different locations in Spain: the movie ‘La Bestia’ (Barcelona and Teruel), the series ‘Bienvenidos a Edén’ (Barcelona , San Sebastián, Teruel and Lanzarote), the series ‘Alma’ (Asturias and Barcelona) and the series ‘Intimidad’ (Vizcaya).
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