Netflix invests heavily in Spain's content production

Netflix will invest €1 billion in Spain over the next four years to establish the country as its European hub for original content production. The investment, announced by Netflix co-CEO Ted Sarandos, aims to leverage Spain's favorable tax and legislative environment while promoting local culture through storytelling. This builds on the success of Spanish productions like "Money Heist" and "Elite." This initiative includes a state-of-the-art production center in Madrid, one of the largest in Europe, and is expected to boost the Spanish audiovisual industry, creating jobs and attracting further international investment.