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Netflix To Invest $1 Billion In Mexico Over Next 4 Years (reuters.com) 37

An anonymous reader quotes a report from Reuters: 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. Speaking at President Claudia Sheinbaum's morning press conference in Mexico City, Netflix CEO Ted Sarandos said he looked forward to entering more partnerships with producers in the Latin American nation. Sheinbaum said the investments in the film industry should produce many jobs beyond immediate production needs, such as hospitality for actors and crew members, fashion designers and also spur tourism. "It's an industry that gives a lot of mileage to the economy," Sheinbaum said. "It's not only important for Mexico to be seen in the world, but also because of the economic development and jobs generated by a production."

Netflix To Invest $1 Billion In Mexico Over Next 4 Years

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  • Sounds like I've got around five to six years to learn the language. Anyone know the Spanish word for "gulf"?

    • by mjwx ( 966435 )

      Sounds like I've got around five to six years to learn the language. Anyone know the Spanish word for "gulf"?

      Golfo.

      The Mexican term for the area between Mexico and Canada is El Gulfo de Tontos.

  • Remember "Shovelware" that consisted of blister packs of a half-dozen CD-ROMs containing crappy software?

    This is the 21st Century version of Shovelware.

    • by mjwx ( 966435 )

      Remember "Shovelware" that consisted of blister packs of a half-dozen CD-ROMs containing crappy software?

      This is the 21st Century version of Shovelware.

      You're making the critical assumption that these films will be for American (erm... white) audiences. There's 500 million native Spanish speakers and 80 million L2 speakers, probably a lot more if we start counting "high school" level of Spanish.

      Mexico is quite happy to have a Colombian or Chilean telenovela shot in Mexico, what they want to achieve is being similar to that bit of Vancouver forest that is featured in almost every TV series, because it's it's cheap to film there and they're set up for it

  • by Anonymous Coward

    To the outside world the USA looks like a person who has stopped taking their medication. Unstable and impossible to deal with. But hey no more of that gay DEI stuff am I right?

  • Spaghetti Westerns could make a comeback.

  • Psst. Do you want to come to the restroom with me and "Invest in Mexico" ?
  • 25% Import tax on foreign made movies incoming.

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