Netflix plans to spend $1 BILLION in production dollars in New Mexico

The Netflix production machine of new TV shows and movies needs to keep churning. To help create more new TV shows and movies, Netflix is closing on a deal to buy ABQ Studios and create a production studio hub in Albuquerque, New Mexico. And when the deal is finalized, Netflix plans to spend $1 BILLION in production dollars in New Mexico over the next 10 years.

Netflix releases 30 – 40 (or more) new TV shows and films EACH MONTH! So it makes sense that Netflix would benefit from a production studio hub to help crank out the new TV shows and movies.

Here are the new Netflix TV shows and films just from the last 3 months… July, August, September.

Netflix plans to spend $1 BILLION in production dollars in New Mexico

Why does Netflix need a production studio hub? Because Netflix creates a LOT of TV shows and movies for their 130 million subscribers in 190 countries.

While this will be Netflix’s first production studio hub, they are not new to creating TV shows and movies in New Mexico.

Here are a few of the shows already created in New Mexico.

• Daybreak
• Chambers
• Messian
• Godless
• The Ridiculous Six
• Longmire

ABQ Studios

Netflix plans to buy ABQ Studios as part of its plans to create a production studio hub in New Mexico.

“ABQ Studios consists of 8 sound stages, production offices, mill space and a back lot. They offer a variety of production support from in-house lighting and grip to equipment rental. Major productions filmed in part at ABQ Studios include Avengers, The Lone Ranger, and Sicario.”

Netflix

Launched on April 14, 1998, Netflix was founded before Google. And twenty years later – on the 20th anniversary of Netflix (2018) – Netflix subscribers top 130 Million.

Netflix is available in over 190 countries and can be streamed from nearly anywhere in the world.

In 2018, Netflix received 112 Emmy nominations with 23 wins.