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.
During a press conference with Mexican President Claudia Sheinbaum, Netflix co-CEO Ted Sarandos revealed a planned investment of $1 billion to produce series and films in Mexico over the next four years.
The investment includes $2 million to upgrade facilities at Mexico City’s Churubusco Studios, co-CEO Ted Sarandos says
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 face of US tariff threats.