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International Business Times
International Business Times
World

Netflix Says To Spend $1 Billion Producing Content In Mexico

Netflix's past productions in Mexico include Alfonso Cuaron's Oscar-winning "Roma" in 2018 (Credit: AFP)

Netflix said Thursday that it would 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 US tariff threats.

The streaming platform's co-chief executive Ted Sarandos made the announcement at a news conference alongside Mexican President Claudia Sheinbaum, who hailed the plan as a win for Latin America's second-largest economy.

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