March 29, 2023


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New Mexico Film and TV Productions to Expand After Lockdown – Variety

2 min read

The state, with its iconic landscape, introduced their incentives 16 years ago, and last year, the government helped Michelle Luzon Grisham pass SB2, doubling the state’s annual cap from 25% to 30% of its refundable tax credit to 110 110 million and adding Albuquerque. A 5% incentive for shooting outside the urban corridors of Santa Fe.

Rural communities like San Juan County benefited from this uprising and shot “Jumanji: The Next Level” there.

The state has also formed New Mexico Partners, a public-private partnership where large producers pledge New Mexico for 10 years and either buy and sell studios and promise jobs to the government.

“We had our first Netflix, they bought Albuquerque Studios and they were committed to spending 1 1 billion over 10 years. They worked, ”said Alicia J. Case, New Mexico’s secretary of economic development, who works directly with the entertainment industry. “They have kept that promise. They also have the lowest cost per year. They have been an amazing partner. They gave us funds for crew training. “

Keys notes, “I was doing a show here at NBC Universal when I closed the Netflix deal, and NBC Universal [senior vice president of productions] Carrie Henderson… told me, ‘You can find us a studio!’

“It simply came to our notice then. They moved here and took over an 80,000-square-foot warehouse and built three steps. The day before the Cowboys closed everything and they were going to have a great opening.

NBC Universal has committed a 500 million.

Case said the state is also looking into third-party studios, but that deal is still being rolled out.

He is bullish on Biz. “We already noticed when we were able to open it that it would be our first ditch to come back to.”

The governor has called for a lockdown post-economic task force comprising 15 business leaders, including Brian O’Leary of NBCUniversal.
In the case of more buildings, Koyes said he expects construction to begin in the next few weeks

“I think it’s hard to come to a place on stage everywhere,” he says. “That’s why our partnership models are successful. People are looking for stage space outside of New York or LA, and it’s understandable for companies that have a certain amount of products to have a home base outside of those big cities.”

And as the epidemic subsides, there will be the disaster of traveling long distances for shooting.

“I’ve seen a trend of North American-based distributors and producers who want to stay in North America. I think the talent and crew feel more comfortable staying close to home, ”Koyes says.

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