Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years

The flow juggler Netflix Over the next four years, Mexico plans to spend $ 1 billion in film and television production. CEO Ted Sarandos, Claudia Sheenbaum announced a plan on Thursday during a press conference with the President of Mexico. Injection of the capital can be financed by 20 products in a year, 20 products.

Netflix was also announced during the event on Thursday $ 2 million investment To improve objects in Churubusco studios in Mexico. The goal is to strengthen National film industry.

“Mexico took our journey to south north. For the sunset on the shores of the Caribbean,” Sarandos “in the Baja California Peninsula.” We have produced more than 50 places in 25 states. We look forward to deepening our partnership with this updated commitment. “

Mexico occupies the main place in the history of Netflix. TV show Cuervos Club, In 2015, the country was produced in the country and the premiere, the company became the first series outside the United States.

Since then, Netflix has continued to develop projects in Mexico, who is famous for both local and abroad. As the movies Roma, Bardo, and Pinocchio, Mexican directors Alfonso Cuarón, Alejandro González Iñárritu and Guillermo del Toro, it stood for flowers in different ways. In 2020, the company founded the Latin American headquarters in Mexico, and in the last five years the workforce has increased tenfold.

“With the Mexican and Industrial Government, we will continue to finance programs that help develop various and creative scenic talents in the entertainment world,” Sarandos said.

CEO revealed that it was recently Feature film Pedro Paramo More than 375 million Peso (about $ 18.5 million) contributed to Mexico’s gross domestic product and created thousands of jobs in sectors such as weaving production, hospitality and transport.

For its part, Sheenbaum, Netflix’s decision to invest in the country is a richness that allows only the cost of tax benefits and competitive fees and the country’s cultural and creative richness, the country’s cultural and creative authenticity.

“These products are a Mexican talent; they do not come together to make an idea that arises elsewhere in the world, because it is cheap,” he said. “It’s about Mexican talent, creativity and cultural richness.” He suggested that the management would return these projects with possible government support in the sector.

Work opportunities for Netflix in Mexico are open. There are millions of flow customers in the country and each saves several subscribers at a time. Netflix is ​​among the three most popular platforms among Mexicans. According to a study conducted by HR media, this is the second most commonly used video request for market share 21 percent.