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You are here: Home / Blog / Welcome, Netflix

Welcome, Netflix

October 9, 2018 John Kynor Leave a Comment

Photo Courtesy of KRQE

Photo Courtesy of KRQE

Netflix is in final negotiations to purchase it’s first US studio making Albuquerque home to the streaming giant.

Mayor Keller compared the Netflix/Albuquerque partnership to Intel’s move to Rio Rancho in 1980 – calling this a true game changer for our community. Keller directed the spotlight to ABQ Film Liason, Alicia Keyes, for pulling the deal together.

The State will provide up to $10M in LEDA funding and the City will provide up to $4.5M in local LEDA funding as a financial incentive. Netflix  is already shooting two of their original series here (“Chambers” and “Messiah“) which will be produced at the new facility along with “Daybreak“. These current productions are providing over 700 jobs, however, with moving here they will be investing $1B during the next 10 years and creating an estimated 1,000 jobs per year making this an economic win for New Mexico.

 

Netflix Vice President Ty Warren stated “We’re producing a lot of content…and so this is a great opportunity for us to have a hub at which we can produce more and more of our content.”

As Netflix is finalizing negotiations with the city there is no final word on when they will be moving. Other productions filming at ABQ Studios will move out after their leases are finished leaving the facility solely to Netflix.

Sources:

  1. Davis, Ron. “Behind the deal for Netflix to invest $1B in New Mexico“. Albuquerque Business First. 8 Oct. 2018. Web 9 Oct. 2018.
  2. Disis, Jill. “Netflix is buying it’s first production studio – in Albuquerque.” CNN Business. 8 Oct. 2018. Web 9 Oct. 2018.
  3.  Knapp, Rachel & Lucero, Marissa. “Netflix to buy Albuquerque Studios.” KRQE. 8 Oct. 2018. Web 9 Oct. 2018.
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Filed Under: Blog, Featured Blog Posts, Latest News

About John Kynor

John Kynor is the Founder, CEO & Qualifying Broker of Q Realty®. John has enjoyed over 15 years in Albuquerque real estate and is a multi-million dollar producer. He founded Q Realty® in 2012, which quickly became one of the top real estate companies in Albuquerque ("The Q"). Contact John at John@Qrealty.com with any questions.

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Q Realty® is an Albuquerque real estate company and is locally owned and operated. Q Realty® or "The Q" was founded on the principals of outstanding customer service and we have earned the reputation of being the most “customer-centric,” honest, ethical and professional real estate company in Albuquerque. We treat our customers how we like to be treated.

Real estate used to be considered a sales industry and many companies still treat it as such, but not Q Realty®. Consumers do not like the feeling of being “sold” and neither do we. Instead we “serve” and “help” our customers with their real estate needs. As a result of our dedication to first class customer service Q Realty® earned a spot on Albuquerque Business First's list of the top 25 Real Estate Brokerages in New Mexico, as measured by the number of homes sold and the total value of homes sold by each brokerage

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