Netflix announced it’s in final negotiations to purchase production hub ABQ Studios in Albuquerque, New Mexico to produce its upcoming movies and TV shows.
The streaming giant plans to bring $1 billion in production to New Mexico over the next 10 years and create up to 1,000 production jobs a year.
Netflix wants Albuquerque, New Mexico to be the main location for its content-making.
The streaming giant announced on Monday that it has chosen ABQ Studios, located in Albuquerque’s Mesa Del Sol, as the site of the new US production hub for its huge roster of TV shows and movies.
This marks Netflix’s first purchase of a studio complex.
New Mexico Governor Susana Martinez, Albuquerque Mayor Tim Keller, and Netflix VP of Physical Production Ty Warren were on hand to make the announcement, which is in final negotiations.
According to a release about the purchase, Netflix plans to bring $1 billion in production to New Mexico over the next 10 years and create up to 1,000 production jobs a year.
The studio — which in the past has housed such movies as “The Avengers,” “Logan,” and “Sicario,” as well as AMC’s hit TV show “Breaking Bad” — will be used right away for Netflix shows like the dramedy “Daybreak,” supernatural drama “Chambers,” and the suspense drama “Messiah.”
“Our experience producing shows and films in New Mexico inspired us to jump at the chance to establish a new production hub here,” said Warren. “The people, the landscape and the facilities are all stellar and we can’t wait to get to work — and employ lots of New Mexicans — creating entertainment for the world to enjoy. We are grateful to Governor Martinez, Mayor Keller and the people of New Mexico for the opportunity to create a new ‘home away from home’ here in Albuquerque.”
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Source:: Business Insider