Netflix Announces Plans To Buy Its Own Production Studio

One of the reasons why streaming platforms like Netflix has appealed to many, both consumers and creators, is that they don’t necessarily play by the same rules as some of the larger studios do, where they seem to allow creators to have a bit more flex when it comes to creativity (although it doesn’t always pay off).

This has resulted in great shows and movies, allowing streaming platforms to grow even bigger. Now it seems that Netflix has gotten so big to the point where they are now planning to buy their own production studio. The announcement from Netflix will see the company acquire ABQ Studios, which would make it the first production studio that they would own outright.

There is no mention of how much this acquisition will cost the company, but Netflix has also stated their plans to invest as much as $1 billion into production in the area of New Mexico over the course of the next decade, and it is also expected to create as many as 1,000 production jobs a year.

According to Ty Warren, Vice President, Physical Production for Netflix, “Our experience producing shows and films in New Mexico inspired us to jump at the chance to establish a new production hub here. The people, the landscape and the facilities are all stellar and we can’t wait to get to work — and employ lots of New Mexicans — creating entertainment for the world to enjoy. We are grateful to Governor Martinez, Mayor Keller and the people of New Mexico for the opportunity to create a new ‘home away from home’ here in Albuquerque.”

Tyler Lee
Categories: General
Tags: Entertainment, Movies, Netflix