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Netflix (NFLX) Expands Its Production Hub in New Mexico [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
This outperformance can be attributed to the company's commitment to developing original content, which is expected to aid long-term growth. This Zacks Rank #3 (Hold) company is expanding its commitment with the expansion of its West Coast production facility in Albuquerque, NM, six years after initially establishing its production hub there in 2018. The new expansion includes four new soundstages, three mills, one production office, two stage support buildings and two dedicated backlot areas across 108 acres. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The studio has facilitated the production of numerous series and films, including popular titles like Stranger Things The Harder They Fall Army of the Dead and El Camino: A Breaking Bad Movie . NFLX's investments in New Mexico have totaled nearly $575 million directly, with an overall investment of approximately $900 million when considering other productions at Netflix Studios Albuquerque. T
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