Netflix invests $1 billion in Mexican production
- Investment plan: Netflix $NFLX will invest $1 billion in Mexico over the next four years.
- Target: Produce 20 movies and series a year in Mexico.
-Statement by Ted Sarandos: The CEO of $NFLX announced theinvestment at a press conference by President Claudia Sheinbaum.
- Economic Impact: The investment will support jobs in production and related industries such as hospitality, fashion and tourism.
- Significance for Mexico: Sheinbaum stressed that the investment will help make Mexico more visible in the world and promote economic development.
Great news. It shows that the company knows what it is doing and is still thriving.
Netlifx really doesn't melt and keeps going. I only had $DIS stock in my portfolio before, unfortunately, but then I sold. If there is a major correction, I would like to buy $NFLX.