Netflix has committed to a significant $1 billion investment in Mexico over the next four years, aiming to produce around 20 films and TV series each year. During a press conference, CEO Ted Sarandos highlighted the intent to deepen partnerships with local producers. This initiative, hailed by President Claudia Sheinbaum, is expected to generate jobs beyond film production, including in hospitality and fashion, as well as boost tourism. Mexico's film industry has previously seen international success with productions like "Roma" and "Pedro Paramo."
"It's an industry that gives a lot of mileage to the economy. It's not only important for Mexico to be seen in the world, but also because of the economic development and jobs generated by a production."
"Over the next four years, Netflix plans to invest $1 billion to produce 20 films and TV series annually in Mexico, enhancing local partnerships."
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