Streaming giant Netflix (NFLX) is seeking growth in Mexico with a $1 billion investment. During Mexican President Claudia Sheinbaum’s press

Over the next four years, Netflix has pledged $1 billion to develop and produce films and series in Mexico, according to Ted Sarandos, Netflix co-executive director. The company’s investment was announced Thursday morning during Mexico President Claudia Sheinbaum’s daily news conference in Mexico City.

During a press conference with Mexican President Claudia Sheinbaum, Netflix co-CEO Ted Sarandos revealed a planned investment of $1 billion to produce series and films in Mexico over the next four years.

Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.

CEO Ted Sarandos made the announcement during a press conference alongside Mexican President Claudia Sheinbaum.

Netflix is making a massive bet on Mexico’s film and television industry. The streaming giant announced a $1 billion investment over the next four years to produce movies and series in the country. Netflix co-CEO Ted Sarandos and Mexico’s President Claudia Sheinbaum made the pledge during a press conference on February 20,

Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film “Roma,” which was made in Mexico and went on to international acclaim.

Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.

Netflix will invest $1 billion in series and film production in Mexico over the next four years, significantly expanding the country's audiovisual industry.

Netflix has committed $1 billion to Mexico's audiovisual industry over four years to boost production and back local talent.

The investment includes $2 million to upgrade facilities at Mexico City’s Churubusco Studios, co-CEO Ted Sarandos says

The US streaming service presents an investment plan for the next four years. Mexico's president points out the economic importance.