AT LEAST SOMEONE IS HAVING A GOOD YEAR
Netflix pledged to spend an additional $1 billion on its productions and to expand its studio in Albuquerque, N.M., executive and government leaders announced on Monday.
The Albuquerque Development Commission approved the streaming company’s plans to expand its Albuquerque Studios to become one of the largest production sites in North America, The Associated Press reported. The city’s council still needs to back the plan, which it will review Dec. 7.
The expansion will add 300 acres to the southern Albuquerque site, including 10 new stages, post-production services, offices, mills and backlots.
When Netflix first acquired the studio in 2018, the company vowed to spend $1 billion over the next 10 years, but now Netflix has committed to another $1 billion in spending. The Albuquerque Studios expansion is expected to add 1,000 production jobs and almost 1,500 construction jobs in the state over the next decade.
“I am glad Netflix has chosen to double-down on its commitment to our state, and our partnership will continue to grow for the benefit of New Mexicans across the board,” Gov. Michelle Lujan Grisham (D) said in a statement.