Netflix invests $1 billion in Mexican production
- Investment plan: Netflix $NFLX will invest $1 billion in Mexico over the next four years.
- Target: Produce 20 movies and series a year in Mexico.
-Statement by Ted Sarandos: The CEO of $NFLXinvestment at a press conference by President Claudia Sheinbaum.
- Economic Impact: The investment will support jobs in production and related industries such as hospitality, fashion and tourism.
- Significance for Mexico: Sheinbaum stressed that the investment will help make Mexico more visible in the world and promote economic development.