Overview

• Netflix co-CEO Ted Sarandos announced at Madrid’s Tres Cantos studio that the streamer will invest €1 billion in Spain by 2029 to back local originals.
• Spanish productions have delivered over 5 billion viewing hours on Netflix, making Spain its most successful non-English market for audience engagement.
• The Tres Cantos production hub features 10 sound stages and world-class post-production facilities that symbolize Netflix’s sustained regional commitment.
• The investment is expected to sustain more than 20,000 jobs in Spain’s audiovisual sector and has led to shoots in over 200 cities and towns across every autonomous community.
• The pledge follows a $1 billion content investment in Mexico and broadly mirrors Netflix’s annual €250 million commitment to French productions.