While US President Donald Trump threatens the Mexico punitive tariff, Netflix invested strictly in the neighboring country. The US video streaming service will produce around 20 films and television series in Mexico in a year in the next four years and produce about $ 1 billion. It was announced last week by Netflix CEO Ted Sarandos.
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Season 2 of “Endor”: Revolution now begins“In Netflix, we share your vision of a living and fruiting Mexico, so I am happy to tell you that Netflix will invest a billion dollars in the production of series and films in Mexico in the next four years, which will invest you in the next four years, which will invest you in the next four years. That will increase to increase the audiovizual industry and the creation of jobs and possibilities all over the country. Sarandos said on Thursday At the common press conference of Mexico President Claudia Shinbam in Mexico City. All series and films will be produced in collaboration with local production companies and partners, Sarandos continues.
Shinbam said that Netflix’s investment in Mexico’s film industry would create many jobs that are beyond direct production, for example in hospitality industry, in textile industry or tourism. “This is an industry that bounces the economy a lot”, President of Mexico saidInvestment “It is important to see not only in the world for Mexico, but also due to economic growth and jobs arising from production.”
Mexico is a good place for Netflix
Netflix has already invested in the past in productions in Mexico. Netflix’s first Mexican in -House Production Television Series was “Club de Curvos”, which turned between 2015 and 2019 at a fictional football club. Last year, the US Group created the novel adaptation “Pedro Paramo”. According to Sarandos, in the last six years, the number of employees in Netflix Productions in Mexico has exceeded getting angry. “Our latest film, ‘Pedro Pararamo’ contributed more than 375 million peso (17.5 million euros) in Gross Domestic Product Mexico and appointed thousands of local people to the production team, hundreds of technicians and artists and dozens of traditional musicians ,” Said.
According to Sarandos, Netflix has already agreed to work with Estudis Churubusco in Mexico City, which is one of the oldest film studios in Latin America. The American group will spend two million US dollars for their renewal. Due to its geographical diversity, Mexico is a good place for filming, Netflix boss continued. His company plans to finance programs to make it easier for the talents behind the camera to start with the industry.
For Mexico, Netflix’s billion -dollar investment comes economically indefinitely. Since neighboring country is not enough against drugs and drug trafficking, US President Donald Trump has threatened a punitive tariff against imports from Mexico and thus complicated the commercial environment for companies in Mexico. Netflix, in turn, sees back on an extremely successful year with strong economic results. In 2024, the group completed its best year of all time, with record numbers for customers, sales and benefits. For the first time, the streaming service broke the 300 million user mark. This was possible by the growth of 19 million new customers.
(AKN)
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