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.
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.
Netflix says it plans to 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 U.S. tariff threats. The streaming platform's co-chief executive Ted Sarandos made the announcement at a news conference Thursday