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When Netflix moved to its new headquarters in Los Angeles last year, the company made sure to have multiple sound levels ready to meet all production needs. Now, the streaming service goes even further by acquiring ABQ Studios in Albuquerque, New Mexico, as part of a plan to produce up to a billion dollars in production in that state over the next ten years.
Los Angeles is often considered a film and television production center, but studios and production companies regularly visit other film locations. States like New Mexico (breaking Bad, Netflix Impious) and Georgia (The dead who walk, Avengers: Infinity War) can offer a more attractive environment because not only are they less populated than Los Angeles, but states themselves also offer tax breaks and financial incentives that make them a more cost-effective way to draw. ABQ Studios, which has nine stages over 170,000 square feet, has been the scene of many prestigious films and shows, including Logan, Preacher, You better call Sauland the original The Avengers.
By locking ABQ Studios, Netflix will be even more efficient and flexible with its original content production, which has become one of the most essential elements of its programming strategy, especially with competitors like Amazon Prime and Hulu so active, and Disney streaming. service right around the corner. Last year, Netflix estimated that it would spend $ 8 billion to create original content in 2018, the goal being that in the next few years, half of the company's available content will be original titles .
"Our experience in producing shows and films in New Mexico has inspired us to seize the opportunity to create a new production center here," said Ty Warren, vice president of physical production for Netflix, in a communicated. "The people, the landscape and the facilities are all stellar and we are looking forward to working – and employ a lot of New Mexicans – creating entertainment the world can enjoy."
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