Netflix says to spend $1 billion producing content in Mexico

Netflix said Thursday that it would spend $1 billion over four years producing content in Mexico, in a boost to the government's efforts to attract investment in the face of US tariff threats.

The streaming platform's co-chief executive Ted Sarandos made the announcement at a news conference alongside Mexican President Claudia Sheinbaum, who hailed the plan as a win for Latin America's second-largest economy.