Netflix joins a new production center in the United States in New Mexico
Netflix joins a new production center in the United States in New Mexico
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Netflix chose New Mexico as the site of a new production center in the United States and is in final negotiations to buy an existing multi-million dollar studies complex on the edge of the city, government and the state's largest corporate leaders, announced Monday.
It is the first purchase of such a property by the company, and it is anticipated that the next production job in Albuquerque and elsewhere around New Mexico will result in an expense of $ 1 billion over the next decade.
More than $ 14 million in state and local economic development funds are being used to Netflix a new mexico Republican governor Susana Martinez and Albuquerque mayor Tim Keller, a Democrat, promoted the investment and said that the prolonged efforts to put New Mexico on the film map are paying off.
"After years of hard work to cut. taxes and making New Mexico friendly for business, we're getting incredible results, "Martinez said in a statement.
Keller said the city has laid the foundation to make sure the film industry is part of its economic development plan. He called Netflix's landing a "transformative victory" for the city.
The Netflix series produced in New Mexico includes the limited series "Godless" and "Longmire", an Emmy Award winner. Company officials said previous work experience in the state inspired them to take the opportunity to establish a new production center in Albuquerque.
Earlier this year, Netflix announced that it was establishing its first European production facility in Spain. It is expected that this operation will help the online video entertainment platform to expand its content in Spanish.
Netflix has around 130 million subscribers worldwide.
The officials did not disclose details about the sale price of the study complex in New Mexico. The property includes several sound stages, production offices, mill space and a subsequent lot.
Martinez, whose second and last quarter ends this year, initially spoke about trying to control New Mexico's movie incentive program and placed an annual limit of $ 50 million on film incentive spending.
In 2013, he signed the "Breaking Bad bill," which is named after the Emmy-winning television drama that was filmed primarily in Albuquerque during its five seasons. The legislation strengthened the incentives for television productions.
New Mexico's film economy has attracted more direct state spending on film and television productions every year since 2014, surpassing $ 505 million in the previous fiscal year, according to the state film office.
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