CITY HALL HAS CONFIRMED THAT THE SALE OF ALBUQUERQUE STUDIOS TO NEFLIX HAS BEEN FINALIZED. THE COMPANY ANNOUNCED LAST MONTH THAT IT WAS PURCHASING THE STUDIOS AND PLANNED TO MAKE IT A MAJOR PRODUCTION HUB. ALBUQUERQUE CONTRIBUTED FOUR AND-A-HALF MILLION DOLLARS IN ECONOMIC DEVELOPMENT FUNDS FOR NETFLIX…AND THE STATE PROVIDED TEN MILLION.
CITY AND STATE OFFICIALS SAY THE NETFLIX DEAL WILL MEAN A BILLION DOLLARS WORTH OF FILM AND TV PRODUCTION OVER THE NEXT TEN YEARS…WITH A THOUSAND PEOPLE BEING HIRED PER YEAR BY THE COMPANY.
