Netflix on pace to produce 90 movies a year

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More Netflix content is coming your way, which could mean big things for New Mexico. 

The New York Times says the streaming giant is set to produce 90 movies a year, with budgets of up to $200 million. 

By comparison, Universal Pictures produces about 30 movies a year. 

Earlier this year, the state and the city of Albuquerque agreed to give incentives to the company to buy Albuquerque Studios. 

In exchange, Netflix has promised to spend $1 billion on film productions over the first 10 years of operations. 

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