A FOUR AND-A-HALF MILLION DOLLAR ECONOMIC DEVELOPMENT PACKAGE FOR NETFLIX WAS TO GO BEFORE THE CITY COUNCIL MONDAY NIGHT, BUT COUNCILORS DECIDED TO HOLD DISCUSSION ON THIS ON THURSDAY. IT’S PART OF THE PLAN THAT HAS NETFLIX PURCHASING ALBUQUERQUE STUDIOS AND MAKING IT A PRODUCTION HUB.
SO WHAT HAPPENS TO PROJECTS CURRENTLY UNDERWAY AT ALBUQUERQUE STUDIOS? ALICIA KEYES IS THE CITY’S FILM LIAISON AND SAYS THOSE PEOPLE AT ALBUQUERQUE STUDIOS WILL BE ABLE TO STAY THERE UNTIL THE END OF THEIR CONTRACT. KEYES SAYS NETFLIX IS NOT KICKING ANYBODY OUT.
IN ADDITION TO CITY FUNDS, THE STATE OF NEW MEXICO IS PROVIDING 10 MILLION DOLLARS IN ECONOMIC DEVELOPMENT MONEY FOR NETFLIX.
