Netflix is making a massive bet on Mexico’s film and television industry. The streaming giant announced a $1 billion investment over the next four years to produce movies and series in the country. Netflix co-CEO Ted Sarandos and Mexico’s President Claudia Sheinbaum made the pledge during a press conference on February 20,

Mexican drug lords faced criminal charges in the U.S. on Friday, with some looking at a possible death penalty, as court proceedings commenced and the defendants' lawyers accused Mexico of failing to follow legal procedures with forced expulsions.

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.

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.

The US streaming service presents an investment plan for the next four years. Mexico's president points out the economic importance.

Among those extradited is Rafael Caro Quintero, who was convicted of the 1985 torture and murder of U.S. Drug Enforcement Administration agent Enrique "Kiki" Camarena. Camarena joined the DEA in 1974, the year after its founding.

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.

Netflix has committed $1 billion to Mexico's audiovisual industry over four years to boost production and back local talent.

Streaming giant Netflix (NFLX) is seeking growth in Mexico with a $1 billion investment. During Mexican President Claudia Sheinbaum’s press

Netflix CEO Ted Sarandos said that the company's goals are to produce more films and series and strengthen Mexico's film industry.

Inspired by real events, the Netflix series focuses on the trajectory of the Brazilian national team during the 1970 World Cup in Mexico

Mexico's President Claudia Sheinbaum said Netflix's investments in the film industry should produce many jobs beyond immediate production needs.