Netflix says it has invested more than $135 billion in films and series globally over the past decade, contributing over $325 billion to the world economy and creating more than 425,000 jobs through its productions. In a blog post titled “The Netflix Effect,” Co-CEO Ted Sarandos said the company was doubling down on content investments even as parts of the global entertainment industry face spending pressures. "While other entertainment companies pull back, we’re leaning in — spending tens of billions of dollars on content every year, investing in production facilities from Spain to New Jersey, and growing the entertainment industry through training programs that have reached over 90,000 people across more than 75 countries,” Sarandos wrote.