Juggernaut's streamline Netflix The $ 1 billion plan for film production and television in Mexico in the next four years. Ted Sarandos CEO announced the plan on Thursday in a press conference with Mexican president, Claudia Sheinbaum. The average of the injected inheritance can be funded for 20 products per year.
During the event on Thursday, Netflix also announced Invest $ 2 million In Mexico City's Churubusco Studios to improve facilities. The goal is to strengthen National film industry.
Our journey in Mexico brought us from North to South. From sunset on the Baja California peninsula to Binh Minh on the Caribbean coast, Sar Sar Sarandos said. We have produced in more than 50 locations in 25 states. With this new commitment, we want to deepen our partnership.
Mexico occupies an important position in the history of Netflix. TV program Cuervos Club, Produced in this country and premiered in 2015, the company's first series was shot outside the United States.
Since then, Netflix has continued to implement projects in Mexico both popular both at home and abroad. Movie RomaThen Bardo, And Pinocchio, By Mexican directors Alfonso Cuarón, Alejandro González Iñárritu and Guillermo Del Toro, have prominent for streamer. In 2020, the company established Latin American headquarters in Mexico City, and in the past five years, its workforce has increased by 10 times.
Together with the Mexican government and the industry, we will continue to sponsor programs to help develop a diverse and creative backstage talent in the entertainment world, according to Mr. Sar Sarandos.
CEO revealed that recently Producing film films Pedro Paramo Contributing more than 375 million Peso (about $ 18.5 million) to Mexico's gross domestic product and creating thousands of jobs in areas such as textile production, hotels and transportation.
For her part, sheinbaum noted the decision to invest in Netflix's country not only reflecting Mexican tax incentives and competitive production costs but also the richness of the country's culture and creativity, Rich allows this platform to expand through the production of original content.
These products are by Mexican talent; They did not go to a location to create an idea created in another place in the world because it was cheap, Mr. Sheinbaum said. This is the talent, creativity and abundance of Mexico. She suggested that her government will support these projects with government assistance to this field.
Business opportunities for Netflix in Mexico are obvious. The country has millions of customers online and each person maintains a number of registration at a time, according to the Bango marketing company. Netflix is one of the three most popular platforms among Mexico. According to a study by HR Media, this is the second most demanded video application, with a 21 %market share.
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