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Netflix chose New Mexico as the site of a new production center in the United States and is in final negotiations to buy an existing multi-million dollar studies complex on the edge of the city, government and the state's largest corporate leaders, announced Monday.
It is the first purchase of such a property by the company, and it is anticipated that the next production job in Albuquerque and elsewhere around New Mexico will result in an expense of $ 1 billion over the next decade.
More than $ 14 million in state and local economic development funds are being used to bring Netflix to New Mexico. Republican Gov. Susana Martinez and Albuquerque Mayor Tim Keller, a Democrat, promoted the investment and said the long-term efforts to put New Mexico on the movie map are paying off.
"This is incredible," the governor told dozens of people gathered in a cavernous sound stage at the ABQ studios. "This massive investment will have a great impact, of course, in New Mexico and will continue our efforts to grow and diversify the economy."
Martinez acknowledged the state's dependence on federal funding and oil and gas development, and said more needs to be done to encourage various companies such as Netflix, since the private sector is the backbone of the US economy.
Keller said the city has laid the foundation to make sure the film industry is part of its economic development plan. He called Netflix's landing a "transformative victory" for the city.
Netflix projects produced in New Mexico include the Emmy award-winning limited series "Godless" and "Longmire." Company officials said previous work experience in the state inspired them to take the opportunity to establish a new production center in Albuquerque.
Earlier this year, Netflix announced that it was establishing its first European production center in Spain. It is expected that this operation will help the online video entertainment platform to expand its content in Spanish.
It also has a production center in Los Angeles and it is possible that the footprint of the company will continue to expand, given the amount of content that the online entertainment provider intends to create.
"We will look at each place according to its merits, the same type of decision making that was taken in the imminent purchase of this study," said Ty Warren, vice president of physical production at Netflix. "The combination of large crews, existing infrastructure, financial incentives, everything was part of it."
Netflix has around 130 million subscribers worldwide.
The officials did not disclose details about the sale price of the study complex in New Mexico. The property includes several sound stages, production offices, mill space and a subsequent lot.
Martinez, whose second and final term ends this year, initially spoke about trying to control New Mexico's movie incentive program and instituted an annual limit of $ 50 million.
As the state emerged from recession, he said it was important to avoid cuts to critical programs such as education, health care and public infrastructure. She was criticized by many who thought that the cap would stifle the growth of the film industry.
In 2013, he signed the "Breaking Bad bill," which is named after the Emmy-winning television drama that was filmed primarily in Albuquerque during its five seasons. The legislation strengthened the incentives for television productions.
Martinez said that since then, the industry has marked three consecutive years of record in New Mexico and is lining up to be another monumental year.
The industry has attracted more direct state spending on film and television productions every year since 2014, reaching 505 million dollars in the last fiscal year, according to the state film office.