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The company will be paying monthly rentals of nearly Rs 4.30 crore for two separate leases executed through Netflix Entertainment Services India LLP. The office space is spread across two units – on the 11th and 12th floors - of the commercial tower.
In a separate transaction, Netflix India has also renewed its deal for flexible office space for an entire floor with over 320 seats, totalling to 8,860 sq ft at WeWorks Nesco coworking center in Goregaon suburb of Mumbai. The space will be used by Anibrain for visual effects work for Netflix that is seeing growing demand for content in India.
Representational image. | Sajjad Hussain / AFP With India shutting its door to TikTok, its Chinese owner Bytedance has now found a new Asian home. The Beijing-headquartered company is downsizing its workforce in India and ramping up recruitment in Singapore, according to analytics company GlobalData. “Bytedance plans to make Singapore its epicentre for the rest of Asia-Pacific in its quest to find a neutral ground amid the ongoing trade tensions between the United States and China in the wake of potential national security risks,” Ajay Thalluri, business fundamentals an...
"Bytedance plans to make Singapore its epicenter for the rest of Asia-Pacific in its quest to find a neutral ground amid the ongoing trade tensions between the US and China."