Bringing Netflix to the Land of Enchantment was made possible with funds through the Local Economic Development Act, or LEDA. New Mexico will contribute up to $10 million in LEDA funding with the City of Albuquerque contributing another $4.5 million in local LEDA funding.

"Landing Netflix is a transformative victory that will change the business landscape in the Duke City," said Albuquerque Mayor Tim Keller.

Netflix will produce film and television series in the new facility and also in locations across the state. The company is currently producing projects here, including the supernatural drama Chambers, and suspenseful drama Messiah.

"Netflix is at the cutting edge of the film and television industry and it's an honor to welcome them to New Mexico," said Gov. Susana Martinez.

There are currently more than 130 million subscribers to Netflix worldwide.