May 31, 2019 – Among the many pieces of legislation signed by Gov. Michelle Lujan Grisham after the legislative session is one designed to boost film and television production in the state. It raises the annual cap on tax incentives and pays off part of a backlog of rebates that grew under the Martinez Administration to more than $380 million dollars.
The changes come on the heels of Netflix’s opening of a major production hub at Albuquerque Studios. The bill exempts companies like Netflix from the annual cap on incentives if they buy or lease a production facility in the state for at least ten years. It also offers additional incentives for productions that film outside the Albuquerque/Santa Fe corridor.
Alicia J. Keyes is the state secretary for economic development and says the changes represent a new era for film and media production. In this episode she talks with NMiF correspondent Megan Kamerick about the future of the media industry in New Mexico.
Guest: Alicia J. Keyes, New Mexico Secretary of Economic Development
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.