20 hours Ago By Anadolu
Netflix is set to invest $1 billion in Mexican film and television production over the next four years, co-CEO Ted Sarandos revealed during a Thursday press conference alongside Mexico’s President Claudia Sheinbaum. "I’m happy to announce that Netflix will be investing $1 billion to produce series and films in Mexico over the next four years—growing the audiovisual industry and creating jobs and opportunities all across the country," Sarandos said. He highlighted the streaming company’s decade-long relationship with Mexico, which began with its first international series, Club de Cuervos, and emphasized the economic impact of Netflix productions in the country, including the recent film Pedro Paramo, which contributed over 375 million pesos (about $18.
5 million) to Mexico’s GDP. Citing a recent study, Sarandos noted that Mexico’s audiovisual industry is a key economic driver, contributing $3 billion annually to the nation’s economy, with every dollar spent generating $1.6 in added value.
Bangladeshi journalist calls for stronger Pakistan ties He stressed that Netflix’s productions in Mexico span over 50 locations across 25 states, adding, “With this renewed commitment, we look forward to deepening our partnership even more.” Sarandos also announced that Netflix is collaborating with Churubusco Studios, one of Mexico’s most iconic film production facilities, to enhance its infrastructure and continue funding programs that support diverse talent in the entertainment industry..
