Netflix to invest $1 billion in Mexico over the next 4 years

MEXICO CITY (Reuters) – The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce films and TV series in Mexico over the next four years.

Speaking at a morning press conference in Mexico City, CEO Ted Sarandos said he looked forward to entering more partnerships with producers in the Latin American nation.

(Reporting by Aida Pelaez-Fernandez)