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    Netflix Expands European Presence with €1 Billion Investment in Spain

    NETFLIX

    Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.

    The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.

    Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.

    Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.

    Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.

    The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.

    The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.

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