November 16, 2018 – The film and television industry in New Mexico is getting a significant boost with the decision by Netflix to buy Albuquerque Studios and locate a production hub here. The company has committed to bring $1 billion in productions to the state in the next 10 years. That includes spending at least $600 million over the next five years on its own productions and another $400 million in direct and indirect spending that could include leasing studio space to other production companies in the following five years. The company is slated to bring 1,000 production jobs to the state annually.
In this segment we talk about what this deal means for the growth of the industry, not just in Albuquerque but all of New Mexico, and also the potential for more film and TV jobs.
Alicia Keyes, film liaison with the City of Albuquerque
Liz Pecos, president of the Local 480 of the International Alliance of Theatrical Employees (IATSE)
Eric Witt, executive director of the Santa Fe Film Office
For Further Reading:
Councilors Approve Netflix Incentive Deal – Albuquerque Journal
Netflix Deal Could Also Boost Santa Fe – Santa Fe New Mexican
Studio Leaders On What Netflix Buzz Could Mean For NM Filmmaking – Albuquerque Business First
NM Film Industry Hopeful New Governor Will Address Rebate Cap – Santa Fe New Mexican