Mexico, Netflix
· 4d
Netflix (NFLX) Seeks Growth in Mexico with $1B Investment
Netflix to invest $1 billion in Mexico production over next 4 years
Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.
Ted Sarandos Unveils​ Netflix $1 Billion ​I​nvestment In Mexico​ Productions
CEO Ted Sarandos made the announcement during a press conference alongside Mexican President Claudia Sheinbaum.
Netflix has pledged to spend a whopping $1B on Mexican production over the next four years. The streamer's Co-CEO, Ted Sarandos spoke at President Sheinbaum's morning press conference, Thursday, and unveiled the bumper commitment to Mexican production.
The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years.
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