Mexico, Netflix
· 3d
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 Investment 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.
Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film “Roma,” which was made in Mexico and went on to international acclaim.
The investment includes $2 million to upgrade facilities at Mexico City’s Churubusco Studios, co-CEO Ted Sarandos says
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