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

The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years.

Netflix has pledged to spend a whopping $1B on Mexican production over the next four years. The streamer's Co-CEO, Ted Sarandos spoke at President Sheinbaum's morning press conference, Thursday, and unveiled the bumper commitment to Mexican production.

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

Netflix plans to spend $1 billion dollars to energize the production of new films and series out of Mexico according to The Hollywood Reporter. The investment is nowhere near the $2.5 billion Netflix committed to South Korean productions a few years ago.

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

Netflix made a big announcement that will benefit Mexico and its movie, production industry. And find out about a new project on Juan Gabriel.

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.

Netflix is doubling down on its investment on Mexico, pledging $1 billion over the next four years. The move, which was unveiled during a Thursday press conference with co-CEO Ted Sarandos and Mexican President Claudia Sheinbaum,

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

Netflix (NFLX) plans to invest $1B to produce roughly 20 films and TV series in Mexico annually over the next four years, Reuters’ Sarah

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