Netflix to Invest $1 Billion in Mexico Over Next 4 Years (Connecting the Dots: Netflix, Ted Sarandos, Mexico & Soros Funding, All Networking)
Newsmax.com
Thursday,
20 February 2025 01:53 PM EST
https://www.newsmax.com/finance/streettalk/netflix-mexico-1-billion/2025/02/20/id/1199850/
The
chief executive of streaming giant Netflix 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
has invested in Mexican productions such as "Club de Cuervos," a
comedy-drama about the politics of a local soccer club, 2018's
"Roma," the first Mexican entry to win the Oscar for best non-English
language film, and last year's "Pedro Paramo."
"Pedro
Paramo," an adaptation of Juan Rulfo's classic 1955 novel, required the
support of hundreds of artists and musicians and the production of some 5,000
traditional textile items, Sarandos said, adding that the book's sales later
tripled.
Netflix
has already agreed to collaborate with Mexico City's Estudios Churubusco, one
of Latin America's longest-running film studios, Sarandos said.
He
added that Netflix plans to fund programs to help talent behind the camera
break into the industry, and that Mexico's geographical variety makes it a good
location for filming.
Last
year, Netflix bought the rights to Oscar-nominated "Emilia Perez," a
French-made musical about a trans Mexican drug lord, which garnered much
criticism in Mexico over cultural stereotypes, poor Spanish, lack of Mexican
actors and a light treatment of the issue of forced disappearances - and
spawned a Mexican-made parody in retaliation.
"Emilia
Perez" began screening in Mexican cinemas nearly half a year after its
European release date, and Mexico's consumer watchdog had to order a top cinema
chain to clarify its guarantee refund policy after many spectators walked out
of the movie.
($1
= 20.3374 Mexican pesos)
Connecting
the Dots:
Ted Sarandos is
the chief content officer for Netflix Inc. and is a fellow at
the Aspen Institute (think tank).
Foundation to Promote Open Society was a funder
for the Aspen Institute (think tank) and the Brookings
Institution (think tank).
George Soros was the chairman for
the Foundation to Promote Open Society and is a board member for
the International Crisis Group.
Ernesto Zedillo was
a board member for the International Crisis Group and the president
of Mexico.
Carlos Pascual was
a U.S. ambassador for Mexico and a VP for the Brookings
Institution (think tank).
Resources:
Past Research
Netflix
Signs Adam Sandler to Exclusive Four Picture Deal (Past
Research on Netflix & Ted Sarandos)
Friday,
October 3, 2014
https://thesteadydrip.blogspot.com/2014/10/netflix-signs-adam-sandler-to-exclusive.html
US
government workers told to shelter in place amid surge in Tijuana violence,
cartel threatens 'mass chaos' (Connecting the Dots: Mexico & Soros) (Past Research on Mexico)
Sunday,
August 14, 2022
No comments:
Post a Comment