Netflix is taking yet another step closer to dominating the world as we know it. The streaming giant is currently in talks to acquire ABQ Studios, which has eight sound stages and production offices in the wonderfully dry and dusty world of Albuquerque — home of many a family member of one Joseph Jammer Medina (in case you were wondering).
In acquiring ABQ Studios, they’ll effectively be opening up a production hub for themselves to produce more Netflix original shows and films, which we know the streaming giant has been all about for years now (believe it or not, they’ve effectively one of the biggest providers of content in the whole world, bigger than most studios we think of when we think of Hollywood).
Netflix plans to stimulate the New Mexico economy, bringing $1 billion worth of its productions there over the next 10 years or so, potentially creating 1,000 jobs. According to the outlet, this move was effectively a snub to Los Angeles, the entertainment capital of the world. Giving the rising costs in La La Land, you can’t blame Netflix or other companies from taking their business elsewhere. Marvel Studios has been going to other cities like Atlanta and London to get their big-budget films made, so this isn’t exactly out of nowhere.
Interestingly enough, Netflix competitors like Apple and Amazon Studios have both set down their production roots in Culver City, so they’re committing to the whole LA live.
But don’t think they’re leaving completely, as they still have a 13-story building in Hollywood that I’m sure they’ll be occupying for years to come. Love it or hate it, you sometimes still gotta make those connections in LA.
What do you think of this move from Netflix? Will you be moving to Albuquerque to jump in on the ground floor? Let us know down below!
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