Netflix on pace to produce 90 movies a year

Netflix on pace to produce 90 movies a year_1545094038219.jpg.jpg

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. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Now Trending on KRQE.com

Weather

More Video Forecast

Don't Miss

More Don't Miss