Netflix Unveils Phase One of Major New Mexico Production Hub Expansion

Netflix has completed the first phase of its significant expansion in Albuquerque, New Mexico, acquiring and converting the former Albuquerque Studios into a state-of-the-art facility, Netflix Studios Albuquerque. The project, which began with a $30 million purchase, now features a dozen soundstages, production offices, and support structures. The streaming giant has committed to long-term investment in New Mexico, creating permanent infrastructure, training programs, and boosting the local crew population. The project has received substantial government support, with over $100 million invested in capital and $19.5 million from the state in Local Economic Development Act funds, aiming to establish a sustainable film industry presence in the region.

Netflix's recent expansion in Albuquerque, New Mexico, marks a significant milestone in the state's thriving film industry. The streaming giant's investment in a state-of-the-art facility, Netflix Studios Albuquerque, reflects its commitment to long-term growth and collaboration with local authorities [1].

The project, which began with a $30 million purchase of the former Albuquerque Studios, now features a dozen soundstages, production offices, and support structures. Netflix has pledged to invest billions of dollars into the facility, creating thousands of jobs and generating substantial economic benefits for the region [1].

The expanded studio, situated on 108 acres, will incorporate sustainability initiatives like solar power, geothermal heating, and electric vehicle chargers to reduce its carbon footprint [1]. The partnership between Netflix and the state of New Mexico has already resulted in 12 film and TV projects being produced in the state, with direct spending exceeding $640 million and employing over 4,000 residents [1].

New Mexico's film industry has experienced remarkable growth over the past two decades, with direct spending increasing by 51% [2]. The state's diverse landscapes, vibrant communities, and talented workforce provide the perfect backdrop for Netflix's innovative productions [1].

Government support has played a crucial role in this expansion, with over $100 million invested in capital and $19.5 million from the state in Local Economic Development Act funds [1]. The goal is to establish a sustainable film industry presence in the region, creating better-paying jobs for local residents and boosting the local economy.

Netflix's experience in New Mexico has been exceptional, with the company appreciating the strong partnership with the state and local governments and the rich tapestry of landscapes and creative talent [1]. The company is excited to expand its footprint in the region and bring more opportunities to New Mexico.

In conclusion, Netflix's expansion in Albuquerque is more than just an investment in real estate; it's an investment in people, the economy, and the future of the film industry in New Mexico.

References:

[1] Governor of New Mexico. (2024, June 27). Netflix expands Albuquerque studio, boosting New Mexico's film industry. Retrieved from https://www.governor.state.nm.us/2024/06/27/netflix-expands-albuquerque-studio-boosting-new-mexicos-film-industry/

[2] New Mexico Film Office. (n.d.). Film Industry in New Mexico. Retrieved from https://www.nmfilm.com/industry/