Netflix expands Albuquerque studio, creates thousands of jobs [Yahoo! Finance]
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Source: Yahoo! Finance
The Governor's Office says the expansion solidifies New Mexico's role as a leading film and television production hub. “The $2 billion commitment by Netflix is expected to create thousands of jobs and generate substantial economic benefits. The expanded studio, situated on 108 acres, will feature sustainability initiatives like solar power, geothermal heating, and electric vehicle chargers to reduce its carbon footprint,” the Governor's Office said. The expansion includes four new soundstages, three mills, one production office, and two support buildings, according to the Governor's Office. “The state's film and TV industry has grown significantly over the past two decades, with direct spending increasing by 51% to more than $794 million since 2019. The expansion aligns with Gov. Lujan Grisham's efforts to solidify the film industry's position as a key driver of economic growth in New Mexico,” the Governor's Office said. Since the 2019 partnership with New Mexico, Netflix has
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