Netflix just made a big splash in the Spanish film and entertainment world. The streaming giant announced it’s investing more than €1 billion (around $1.14 to $1.2 billion) into new films and TV shows being made in Spain from 2025 through 2028. This huge financial boost coincides with Netflix’s 10th anniversary in Spain and really shows how serious they are about growing their presence in the country’s vibrant audiovisual scene.
The news came straight from Netflix co-CEO Ted Sarandos at an event held in Madrid’s Tres Cantos production hub, the biggest filming facility in the entire European Union. It wasn’t just Netflix celebrating; Spain’s Prime Minister Pedro Sánchez and Minister for Digital Transformation Óscar López were also on hand, underscoring how important this move is for Spain’s creative industry.
Netflix Building Up Spain’s Film Scene: More Jobs, More Talent, More Growth
Netflix isn’t just throwing money around. They plan to dig deep into Spain’s creative potential, supporting fresh productions, helping new talent rise, and giving the economy a solid boost. Since Netflix set up shop in Spain, they’ve filmed in over 200 cities and towns and created more than 20,000 jobs for local workers involved in everything from filming to post-production.
Sarandos pointed out Spain’s perfect mix of creative minds, film-friendly rules, and stunning locations, the kind of ingredients that make it a sweet spot for Netflix productions. This investment will help keep that momentum in the Spanish film going, with plenty of new opportunities opening up for producers, technicians, actors, and more.
What’s cool is that Netflix’s goals line up with Spain’s ambitions to promote local artists and take Spanish film global. It’s a win-win for culture and economy alike.
Spanish Stories Taking Over Screens Worldwide
You’ve probably heard of hits like Money Heist (or La Casa de Papel), Elite, and Society of the Snow. These shows have become international sensations and helped Netflix lock in a strong foothold in global streaming, proving there’s a huge appetite for Spanish-language content.
In 2024, Spanish film productions on Netflix racked up over 5 billion hours of viewing worldwide. That’s a massive audience tuning in, and it’s exactly why Netflix wants to pump more money into Spanish film and talent. Spain isn’t just a location for shooting; it’s becoming a creative powerhouse in Netflix’s worldwide playbook.
The Heart of Netflix’s Spanish Operations: Tres Cantos
Netflix’s filming hub in Tres Cantos, just outside Madrid, isn’t just any studio; it’s the largest in the European Union. This place is key for many of Netflix’s Spanish films and international shows.
With the new €1 billion investment, we can expect this hub to get even bigger and better. Upgrades and expansions will boost Spain’s infrastructure, making it an even more attractive spot for high-quality productions that meet Netflix’s global standards.
Looking Ahead: Netflix’s Vision for Spain’s Film and TV Future
Netflix isn’t just thinking short-term. They want Spanish film to be a heavyweight in the international audiovisual scene for years to come. That means pumping out more local content, pushing production tech forward, and building an ecosystem where creators, crews, and audiences all thrive.
Sarandos made it clear: The platform is committed to growing Spain’s creative economy and spreading Spanish film far and wide. This investment will support not just big-name creators but also open doors for up-and-coming filmmakers, actors, and tech pros to compete on the global stage.
Spain has the culture, the locations, and the talent, and now the streaming platform is backing it with serious resources. It’s a game-changer for how Spanish content is made and enjoyed around the world.
In Short: Netflix’s €1 Billion Bet Sparks a New Chapter for Spain’s Film Industry
The streaming giant’s massive investment over the next few years marks a real milestone for Spain’s audiovisual sector. It promises thousands of new jobs, fresh productions, and a chance for Spanish stories to shine brighter than ever on the world stage.
This move shows just how much Netflix believes in Spain’s creative power and their drive to keep pushing boundaries in the entertainment world. After a decade working together, the future for Spanish film and TV has never looked more exciting.
