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.

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,

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

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.

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

"This country holds a special place in Netflix's own history," co-CEO Ted Sarandos said during a press conference in Mexico City.

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.

Inspired by real events, the Netflix series focuses on the trajectory of the Brazilian national team during the 1970 World Cup in Mexico

Netflix developing a fictional miniseries on the world cup winning Brazil team of 1970.

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

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