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 ​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.
Netflix says it plans to 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 face of U.S. tariff threats. The streaming platform's co-chief executive Ted Sarandos made the announcement at a news conference Thursday
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