Netflix to bring new US production hub to New Mexico

Wednesday, October 10, 2018

ALBUQUERQUE, N.M. (AP) — Netflix has chosen New Mexico as the site of a new U.S. production hub and is in final negotiations to buy an existing multimillion-dollar studio complex on the edge of the state's largest city, government and corporate leaders announced Monday.

It's the company's first purchase of such a property, and upcoming production work in Albuquerque and at other spots around New Mexico is forecast to result in $1 billion in spending over the next decade.

More than $14 million in state and local economic development funding is being tapped to bring Netflix to New Mexico.

Netflix projects produced in New Mexico include the Emmy Award-winning limited series "Godless" and "Longmire." Company officials said previous experience working in the state inspired them to jump at the opportunity to establish a new production hub in Albuquerque.

Netflix earlier this year announced it was establishing its first European production hub in Spain. That operation is expected to help the online video entertainment platform expand its Spanish-language content.

It also has a production hub in Los Angeles and it's possible the company's footprint will continue to expand, given the amount of content the online entertainment provider is aiming to create.

Netflix has about 130 million subscribers worldwide.

Officials did not release details about the sales price of the studio complex in New Mexico. The property includes several sound stages, production offices, mill space and a back lot.

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