Stream Sword Saint Netflix Plans to spend $1 billion on film and television production in Mexico over the next four years. CEO Ted Sarandos announced the plan Thursday in a press conference with Mexican President Claudia Sheinbaum. Injected capital can fund 20 works per year on average.
At Thursday’s event, Netflix also announced A $2 million investment Churubusco Studios in Mexico City to improve facilities. The goal is to strengthen National Film Industry.
“Our journey in Mexico took us from north to south. From sunset on the Baja California Peninsula to sunrise along the Caribbean coast,” Sarandos said. “We produce in over 50 locations in 25 states. With this new commitment, we look forward to further deepening our partnership.”
Mexico has taken the key point in Netflix history. TV Shows Club de Cuervos, The company was the company’s first series outside the United States, produced in the country and premiered in 2015.
Since then, Netflix has continued to carry out projects in Mexico, which are popular both at home and abroad. Movie Rome,,,,, Bado, and Pinochio, Directors by Mexican Alfonso Cuarón, Alejandro González Iñárritu and Guillermo del Toro are respectively outstanding figures of the ribbon. In 2020, the company established its Latin American headquarters in Mexico City, and its workforce has grown tenfold over the past five years.
“With the Mexican government and industry governments, we will continue to fund the entertainment industry’s talent behind the development of diversity and creativity,” Sarandos stressed.
CEO reveals recent Production film Pedro Paramo Contributes more than 375 million pesos (about US$18.5 million) to Mexico’s GDP and creates thousands of jobs in areas such as textile manufacturing, hotels and transportation.
Sheinbaum noted that Netflix’s decision to invest in the country reflects not only the tax incentives and competitive production costs in Mexico, but also the cultural and creative richness of the country, which allows the platform to pass through the original content. Production to expand.
“These works are Mexican talent; they don’t come to a location to generate ideas for the rest of the world because it’s cheap,” Sheinbaum said. “It’s about Mexican talent, creativity and culture rich.” She suggested her government would support these projects with government support for the sector.
Netflix’s business opportunities in Mexico are obvious. Marketing company Bango says the country has millions of streaming customers, and each country maintains several subscriptions at a time. Netflix is one of three most popular platforms among Mexicans. It is the second time video app used with a market share of 21%.
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