Netflix to Invest $1B in NM Production Hub Expansion; Commits to Support Minority Filmmakers

As Netflix grows its production hub presence in New Mexico with a $1 billion investment, the streaming service is also committed to supporting Native American, Latino, Black and other underrepresented content creators and filmmakers. 

Netflix will provide training programs in partnership with the New Mexico Film Office, local universities and industry organizations. The southwestern location also empowers Netflix with space and proximity to talent — locally and in Los Angeles. 

“It allows us to be more nimble in executing our production plans while cementing the status of the region as one of the leading production centers in North America,” co-CEO Ted Sarandos told ABC. 

Netflix arrived in New Mexico in 2018, purchasing Albuquerque Studios and pledging to spend $1 billion over a decade. Meanwhile the State of New Mexico and local agencies will funnel $24 million toward the expansion. The City of Albuquerque is issuing industrial revenue bonds to curtail taxes for Netflix. 

“I am glad Netflix has chosen to double-down on its commitment to our state, and our partnership will continue to grow for the benefit of New Mexicans across the board,” Gov. Michelle Lujan Grisham said in a statement.

In addition to construction jobs, Netflix’s growing campus is slated to generate 1,000 production jobs over the next 10 years.