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

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

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