Saturday, November 27, 2021
56.7 F
Fort Worth

NBCUniversal to build state-of-the-art studio in New Mexico

🕐 2 min read

ALBUQUERQUE, N.M. (AP) — NBCUniversal announced Friday it will build a state-of-the-art television and film studio in a warehouse district just north of downtown Albuquerque as it seeks to expand its footprint in one of the fastest growing film production hubs in the country.

The media giant said it has entered a 10-year venture with a developer to reshape an empty warehouse into a studio with two sound stages, offices and a mill. The studio will be used to produce shows for broadcast and cable channels.

“NBCUniversal has enjoyed a longstanding and productive relationship with New Mexico and Albuquerque and we are grateful for the opportunity to expand our presence in this community through our venture,” said Dawn Olmstead, president of Universal Content Productions and Wilshire Studios, and Pearlena Igbokwe, president of Universal Television said in a statement.

The pair thanked Gov. Michelle Lujan Grisham and Mayor Tim Keller for helping NBCUniversal with the project.

City and state officials are offering more than $10 million in incentives but promise the economic impact will top $1 billion over the next decade.

NBCUniversal will have more than 330 full-time jobs at its New Mexico hub, state officials said. The total number of jobs, direct and indirect, should exceed 800, according to an economic analysis by the state.

“We are growing New Mexico’s film industry, diversifying our economy and creating exciting jobs — this is a home run deal,” Gov. Lujan Grisham, a Democrat, said. “I’m incredibly thrilled to welcome our state’s new partner, NBCUniversal.”

NBCUniversal will be joining Netflix, which solidified its footing in New Mexico last year.

In recent months the state has experienced a big jump in film productions. It is set to more than double its annual spending cap on film incentives. The USA Network series “Briarpatch,” starring Rosario Dawson, is set to film in Albuquerque.

___

Follow Russell Contreras on Twitter at http://twitter.com/russcontreras

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate