Streaming giant Netflix (NFLX) is seeking growth in Mexico with a $1 billion investment. During Mexican President Claudia Sheinbaum’s press

Netflix said Thursday that it would spend $1 billion over four years producing films and series in Mexico, in a boost to the government's efforts to attract investment in the

Netflix made a big announcement that will benefit Mexico and its movie, production industry. And find out about a new project on Juan Gabriel.

Netflix is doubling down on its investment on Mexico, pledging $1 billion over the next four years. The move, which was unveiled during a Thursday press conference with co-CEO Ted Sarandos and Mexican President Claudia Sheinbaum,

In a landmark announcement that underscores Netflix’s continued close relationship with Mexico's audiovisual industry, Co-CEO Ted Sarandos revealed a $1 billion investment in the country over the next four years.

Netflix plans to spend $1 billion dollars to energize the production of new films and series out of Mexico according to The Hollywood Reporter. The investment is nowhere near the $2.5 billion Netflix committed to South Korean productions a few years ago.

Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.

Netflix (NFLX) plans to invest $1B to produce roughly 20 films and TV series in Mexico annually over the next four years, Reuters’ Sarah

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.

Over the next four years, Netflix has pledged $1 billion to develop and produce films and series in Mexico, according to Ted Sarandos, Netflix co-executive director. The company’s investment was announced Thursday morning during Mexico President Claudia Sheinbaum’s daily news conference in Mexico City.

CEO Ted Sarandos made the announcement during a press conference alongside Mexican President Claudia Sheinbaum.