WASHINGTON (dpa-AFX) - Netflix Monday announced its plans to open a new U.S. production hub in Albuquerque, New Mexico. The online streaming giant also said it is in final negotiations to purchase ABQ Studios, located in Albuquerque's Mesa Del Sol.
Upon closing, the company plans to bring $1 billion dollars in production to New Mexico over the next ten years and create up to 1000 production jobs a year.
The company said it plans to use the production studio complex to produce film and television series, including apocalypse dramedy Daybreak, supernatural drama Chambers and suspenseful drama Messiah. Previous Netflix productions in New Mexico include the Emmy Award-winning limited series Godless, The Ridiculous Six and Longmire.
Both the State of New Mexico and the city of Albuquerque have offered to provide incentives to Netflix, with the state to provide up to $10 million in LEDA funding and the city to commit up to $4.5 million in local LEDA funding to the project.
'Netflix is at the cutting edge of the film and television industry and it's an honor to welcome them to New Mexico,' said Governor Martinez. 'After years of hard work to cut taxes and make New Mexico business-friendly, we're seeing incredible results. Now, New Mexico is leading the nation in economic growth and lowering unemployment and we've brought the world's leading internet entertainment service, Netflix, to our state.'
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