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.
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,
The US streaming service presents an investment plan for the next four years. Mexico's president points out the economic importance.
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.
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.
"This country holds a special place in Netflix's own history," co-CEO Ted Sarandos said during a press conference in Mexico City.
Inspired by real events, the Netflix series focuses on the trajectory of the Brazilian national team during the 1970 World Cup in Mexico
Netflix developing a fictional miniseries on the world cup winning Brazil team of 1970.
Netflix has committed $1 billion to Mexico's audiovisual industry over four years to boost production and back local talent.
Streaming giant Netflix (NFLX) is seeking growth in Mexico with a $1 billion investment. During Mexican President Claudia Sheinbaum’s press
SAN DIEGO ( Border Report) — 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.
Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.