Netflix commits $1 billion to make New Mexico home to one of the world’s largest studios | TechCrunch


Netflix is committing $1 billion in production spend at its ABQ Studios in Albuquerque, New Mexico, along with plans to expand those studios, the company said.

In an announcement alongside New Mexico’s Governor Michelle Lujan Grisham and Albuquerque Mayor Tim Keller, Netflix’s chief executive Ted Sarandos said the company would add 300 acres to its existing space in ABQ Studios, creating one of the largest film production facilities in North America.

That means roughly 1,000 new production jobs in New Mexico over the next 10 years, the company predicted, and an additional 1,467 construction jobs to complete the expansion.

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