Netflix plans to spend one billion dollars in making content in Mexico over the next four years

The tyrant’s flow Netflix plans to spend one billion dollars on the production of films and television in Mexico over the next four years. CEO Ted Sarandos announced the plan on Thursday during a press conference with the President of Mexico, Claudia Shinbom. Capital injection can finance 20 production annually, on average.

During the Thursday event, Netflix also announced Investment of $ 2 million In Churubusco Studios in Mexico to improve facilities. The goal is to enhance National Film Industry.

“Our journey in Mexico took us from north to south. From the sunset on the Paga California Peninsula to the sunrise on the Caribbean coast. We have produced in more than 50 locations in 25 states. With this renewed commitment, we look forward to deepening our partnership more.”

Mexico occupies a major place in the history of Netflix. TV program Cuervos Club, What was produced in the country and was first shown in 2015, was the first series of the company filmed outside the United States.

Since then, Netflix has continued to submit projects in Mexico, which was common locally and abroad. Films like Romefor Bardo, and Pinocio, By Mexican directors Alfonso Cuaron, Alejandro Gonzalez Inarretto, and Jeermo del Toro, respectively, were one of the most prominent banners. In 2020, the company established its headquarters in Latin America in Mexico City, and in the past five years its working power has grown ten times.

“Along with the Mexico and Industry Government, we will continue to finance programs that help develop various and creative talents behind the scenes in the entertainment world,” Sarandos stressed.

The CEO revealed that the event Production of the feature film Pedro Paramo More than 375 million peso (about $ 18.5 million) contributed to GDP in Mexico and the generation of thousands of jobs in sectors such as fabric manufacturing, hospitality, and transportation.

For its part, Sheinbauum noted that Netflix’s decision to invest in the country not only reflects the tax incentives of Mexico and competitive production costs, but also reflects the wealth of culture and creativity in the country, which is a richness that allowed the platform to expand through the production of original content.

“These products are by Mexican talents. They do not come to a site to produce an idea created elsewhere in the world because they are cheap.” “This is about Mexican talents, creativity and cultural wealth.” She suggested that her administration be called these projects with possible government support for the sector.

NETFLIX job opportunities in Mexico are clear. There are millions of broadcasting clients in the country, and each maintains many subscriptions at the same time, according to the Bango Marketing Company. Netflix is ​​among the three most popular platforms among Mexicans. According to a study conducted by HR Media, this is the second most used video application on demand, as the market share was 21 percent.