It is not just Tesla. As American organizations move their manufacturing operations from China to Mexico, the nation is also experiencing a different kind of nearshoring: that of the audiovisual market. Higher inflation in the United States, geographic proximity, and award-winning Mexican talent have aligned in current years to make Mexico an eye-catching location for film and tv production.
Foreign direct investment flows into the film and video market went from $23 million in 2020 to $five.three billion final year, according to official information. In Mexico City alone, from 2020 to 2021, direct investment – each domestic and foreign – jumped 49%, according to information from the Government Film Commission (CFilma). The total in 2021 was $563 million.
In the final two years, ten commercials created for the most vital day of marketing in the US, the Super Bowl, have been produced in Mexico, stated Avelino Rodríguez, CEO of the country’s biggest audiovisual production property, The Lift, and president of the National Chamber of the Cinematographic Business (Canacine). This year alone there have been 5, he added, “and there should really have been six, since that territory has been conquered.”
His optimism is contagious. “I am excited since our generation is operating tough since we realize that creating the economy is as vital as carrying out culture,” says Rodríguez. A handful of days just before meeting EL PAÍS at his workplace in the San Miguel Chapultepec neighborhood, in Mexico City, Rodríguez met with the Secretary of Labor in an try to draw the focus of the authorities to what he considers to be a substantial possible for Mexico, if this moment is seized.
It began in 2020, when the US imposed restrictions due to the covid-19 pandemic. By comparison, Mexico was far additional lax and in the capital, for instance, companies virtually did not close. This attracted the US market, which found other competitive benefits. Amongst them is the climate in the center of the nation, which does not transform a lot in the course of the year, creating filming much easier.
A lot more factors have been piling up to make in Mexico. The salary of a technical worker in the US is amongst 3 and 4 instances greater (in the case of post-producers, the distinction is ten to 1), generating a extremely big financial incentive. In addition, the labor industry in the US continues to tighten. In October 2021, crew workers in Hollywood went on strike, demanding superior wages and advantages. Beneath these situations, the geographical proximity and “world-class Mexican talent” make Mexico a extremely eye-catching location, explains Rodríguez.
That film directors like Alejandro G. Iñárritu, Alfonso Cuarón and Guillermo del Toro have won Oscars generates momentum for the market all through the nation, explains Rodríguez. “For instance, we have best-level costume designers. 1 of the Super Bowl commercials was produced by a Mexican costume designer who is competing with the greatest in the planet and with a lot of Oscar winners. We’ve had art directors, Oscar winners, who come up to us and say ‘why is she my assistant? She’s superior than me!’”
Rodaje de un comercial de televisión producido en México para la marca de jabones Irish Springs que salió al aire en el Super Bowl LVI de 2022. Cortesía de The Lift.The Lift
In the most current final choice of the annual award granted by the US Association of Independent Industrial Producers (AICP), 15% of the perform was carried out in Mexico and 4 commercials won, which grants them a spot in the permanent collection of the Museum of Modern day Art in New York (MoMa). In this market, each and every recognition counts, in particular when competing with nations like Spain, Portugal, Iceland, Canada, Uruguay and Chile, which are also effectively positioned and supply incentives.
This market also has an financial spillover impact in the tourism sector. While the production group is regional, US organizations that commission the projects travel to Mexico to supervise. “We have been the lifeline of premium tourism in the course of the pandemic,” says Rodríguez, about his business, The Lift. “Last year we spent eight,500 nights at the 4 Seasons [hotel]. We have been by far the largest consumer. Larger than JPMorgan, than Ford, larger than the [Formula 1] Grand Prix in these forms of hotels, since each and every time we make a project, there is supervision by these who commission us to do the perform.”
Subsequent Tuesday, Mexico City mayor Claudia Sheinbaum will meet with executives of the Motion Image Association of America (MPA) and Amazon Prime, the streaming platform, at the presentation of CFilma’s statistical yearbook. “The chance to have extremely strong indicators can give the market a very good platform and take benefit of the predicament that there is also nearshoring”, assures Rodríguez.
“The possibilities that exist at this moment when the American industry continues to come to be additional costly and the Mexican industry is gaining so a lot inventive footprint” are massive, Rodríguez says. “I assume it is a moment exactly where there is a generational bonus in the Mexican talent that is positioning itself.”
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