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 CEO Ted Sarandos explained that despite movie theaters being 'very special' it's good there are other ways to view films.
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,
CEO Ted Sarandos made the announcement during a press conference alongside Mexican President Claudia Sheinbaum.
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.
Ted Sarandos sympathizes with directors who long dreamed their movies would end up on the big screen only to land on streaming as the business continues to shift away from movie theaters. While talking with Tom Papa and Fortune Feimster on SiriusXM's "What a Joke" podcast,
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.
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.
"This country holds a special place in Netflix's own history," co-CEO Ted Sarandos said during a press conference in Mexico City, referencing ‘Club de Cuervos.' "We created it in Mexico for Mexico - and it paved the way for our programming strategy,
Netflix CEO Ted Sarandos, from left, SAG-AFTRA President Fran Drescher, and SAG-AFTRA National Executive Director Duncan Crabtree-Ireland arrive at the 31st annual Screen Actors Guild Awards on Sunday,
The Kate Hudson-led Netflix series "Running Point" debuted on Feb. 27, and fans are wondering whether there will be a season 2.