Netflix is making a massive bet on Mexico’s film and television industry. The streaming giant announced a $1 billion investment over the next four years to produce movies and series in the country. Netflix co-CEO Ted Sarandos and Mexico’s President Claudia Sheinbaum made the pledge during a press conference on February 20,

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

Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.

Netflix made a big announcement that will benefit Mexico and its movie, production industry. And find out about a new project on Juan Gabriel.

Netflix said Thursday that it would spend $1 billion over ... Ted Sarandos made the announcement at a news conference alongside Mexican President Claudia Sheinbaum, who hailed the plan as a win for Latin America's second-largest economy.

Netflix has committed $1 billion to Mexico's audiovisual industry over four years to boost production and back local talent.

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 US streaming service presents an investment plan for the next four years. Mexico's president points out the economic importance.

Streaming giant Netflix (NFLX) is seeking growth in Mexico with a $1 billion investment. During Mexican President Claudia Sheinbaum’s press

Netflix has committed to invest $1 billion in Mexico for the production of series and films over the next four years, meaning from 2025 through 2028, co-CEO Ted Sarandos said during a press conference with Mexican President Claudia Sheinbaum on Thursday.

Mexico's Secretary of Economy Marcelo Ebrard announced Thursday that Netflix will invest $1 billion to produce series and films in Mexico over the next four years At Claudia Sheinb