NBCUniversal to create film studio in Albuquerque



June 14, 2019

Note: This is an excerpt from a story that originally appeared on KRQE.com.

NBCUniversal will be the next media giant to establish roots in Albuquerque.

NBCUniversal has entered into a 10-year venture with Garcia Realty and Development to redevelop an empty warehouse, located at 1601 Commercial Street NW, into a state-of-the-art television and film studio.

The development is expected to cost $4 million and will have two sound stages, offices and a mill. The facility will be used by NBCUniversal to produce scripted productions for many platforms, including broadcast and cable channels. Over the next 10 years, NBCUniversal has committed $500 million in direct production spending.

According to a press release, NBCUniversal will employ more than 330 full-time jobs year round and generate an economic impact of $1.1 billion over 10 years. According to an economic analysis by the state, the total number of jobs, direct and indirect, should exceed 800.

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