Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Netflix sets up its first non-American production studio in Spain. The 22,000 square meter site, located in the northern suburbs of Madrid, is expected to be completed by the end of 2018.
Why this is important: It is the consecration of Spain as a hub of creation for Netflix, which had its greatest success in Spanish with the series La Casa de Papel. Initially broadcast on the Spanish channel Antena 3, this series on the heist of the National Currency and Stamp Factory in Madrid has been acquired by Netflix, which will produce the third season on its own. Netflix’s decision to create this studio is linked to “the tradition of innovative creationFrom Spain, said Vice President of International Programs Erik Barmack. It also testifies, according to him, of “(Netflix’s) commitment to the creation of original content across Europe“. 20 Netflix programs are due to be produced in Spain in 2018.
Ford creates a company specializing in autonomous vehicles. The American manufacturer plans to invest $ 4 billion by 2023 in this new structure.
Why this is important: The move comes a few months after a similar announcement from General Motors (GM), which in May created a specialized entity, Cruise Automation. It aims to attract potential investors, as was the case with Cruise, whose creation had not only boosted GM’s share price but also seduced the Japanese group SoftBank. The latter then invested $ 2.25 billion in Cruise in exchange for a 19.6% stake, a transaction valuing the new company at 11.5 billion. Unlike GM, which plans to market its first self-driving cars in 2019, Ford is currently counting on 2021.