Netflix to invest US $1B in Mexico

Streaming level Netflix announced Thursday plans to put US $1 cardinal successful Mexico implicit the adjacent 4 years, to nutrient films and TV series. 

Speaking astatine President Claudia Sheinbaum’s regular greeting property league successful Mexico City, Netflix CEO Ted Sarandos said helium looked guardant to entering much partnerships with producers successful the country.

Netflix’s archetypal first accumulation extracurricular of the U.S. was of the Mexican deed TV show, “Club de Cuervos.” (Wikimedia Commons)

“Our travel successful Mexico has taken america from northbound to south, from sunsets connected the Baja California peninsula to sunrises connected the Caribbean coast. We person produced successful much than 50 locations successful 25 states. With this renewed commitment, we anticipation to further deepen our partnership,” Sarandos said.

He besides announced a collaboration with Mexico City’s iconic Estudios Churubusco to amended its facilities. The goal, Sarandos said, is to fortify the nationalist movie industry.

“This state holds a precise peculiar spot successful Netflix’s history,” Sarandos said, referring to the TV amusement Club de Cuervos, which aired 10 years ago. It was the company’s first-ever archetypal accumulation extracurricular of the United States. 

“[Club de Cuervos] paved the mode for our programming strategy, which is each astir section production,” helium said. 

Sarandos besides recalled Roma, Netflix’s archetypal first movie ever to triumph an Academy Award successful the overseas representation category. Alfonso Cuarón’s movie was besides the archetypal Mexican movie to triumph an Oscar for Best Foreign Picture. He besides recalled Pinocchio, by Guillermo del Toro, which gave Netflix – and Mexico – its archetypal ever Oscar for an animated film. 

These are lone a fewer examples of Mexican productions. Others see La Casa de Las Flores, Los Dos Hemisferios de Lucca, Luis Miguel La Serie, oregon the upcoming documentary astir the beingness of Mexican vocalist Juan Gabriel, among others.

As portion of its concern successful Mexico, Netflix has besides committed to a collaboration to amended 1 of Mexico’s oldest movie and tv studios, Estudios Churubusco, wherever galore of Mexico’s astir celebrated movies — and immoderate Hollywood classics — person been filmed. (Estudios Churubusco)

“In collaboration with the Mexican authorities and the industry, we volition proceed to money programs that assistance divers and originative talents down the camera make successful the satellite of entertainment,” Sarandos said. 

The caller accumulation of the diagnostic movie Pedro Páramo (based connected the Mexican publication by the aforesaid name) contributed much than 375 cardinal pesos (US $18 million) to Mexico’s GDP and generated thousands of jobs successful sectors specified arsenic textile manufacturing, hospitality and transportation.

During her speech, Sheinbaum said that Netflix’s determination to put successful Mexico not lone responds to taxation incentives oregon competitory accumulation costs but besides to the taste and originative wealthiness of the state that has allowed the level to grow done the accumulation of archetypal content.

Netflix established its Latin American office successful Mexico City successful 2020, during Sheinbaum’s word arsenic the capital’s mayor. In the past 5 years, Sarandos said its workforce has grown tenfold.

Mexico News Daily