Flow front Netflix plans to spend $ 1 billion in Mexico in the next four years. The CEO of Ted Sarandus announced the plan on Thursday at a press conference with the President of Mexico, Claudia Shinboum. Injecting capital can provide an average of 20 production per year.
During Thursday’s event, Netflix also announced a $ 2 million investment in Mexico City’s Churubusco studios. The goal is to strengthen the national film industry.
Our journey to Mexico has led us from north to south. From sunset on the Baja Peninsula California to sunrise on the Caribbean coast. “We have produced in more than 50 locations in 25 states. With this renewed commitment, we are eager to make our partnership deepen even more deeper.”
Mexico has a key place in Netflix history. TV show Club de Cuervos, Produced in the country and was displayed in 2015, the company was the first series outside the United States.
Since then, Netflix has also been making projects in Mexico that have been popular both domestically and abroad. Movies like RomaWith Bradu, Vat Pinocchio, The Mexican directors Alfonso Quaren, Alejandro Gonzalez Irito and Gilmo Del Toro were present for the stream, respectively. In 2020, the company founded a Latin American headquarters in Mexico City and has tenfold ten times in the past five years.
“With the Mexican government and the industry, we continue to provide programs that help develop a variety of creative and creative talent behind the scenes in the entertainment world,” Sarandus said.
The CEO revealed that the recent production of the movie Pedro Paramo More than 375 million pesos (about $ 18.5 million) have contributed to Mexico’s GDP and have created thousands of jobs in sectors such as textile production, hospitality and transportation.
On the other hand, Shinbavum pointed out that Netflix’s decision to invest in the country not only reflects Mexican tax incentives and competitive production costs but also the country’s cultural and creative richness, rich in expanding the platform to produce the original content. Is.
These products are based on Mexican talent. They do not reach the place to produce the idea that is created elsewhere in the world because it is cheap. “” This is about Mexican aptitude, creativity and cultural richness. “He suggested that his government would withdraw these projects with a possible support of the government.
Occupational opportunities for Netflix are evident in Mexico. According to Bango Marketing Company, the country has millions of customers and each retains multiple subscriptions at a time. Netflix is one of the three popular operating systems among Mexicans. According to the HR Media study, this is the second video use of demand, which is 21 % market share.
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