New York City is an important center of the Marvel Universe, and a deal between parent company Disney and the State of New York will make the city the hub of the company’s ambitious new Netflix series.

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Disney CEO Bob Iger and Governor Andrew Cuomo announced in Times Square on Wednesday that the state has carved out tax incentives valued at around $4 million to accommodate the needs of the massive multi-character series, which should consist of at minimum nearly 60 hour-long TV episodes.

There will be 13 episodes devoted to each of the four main characters — Daredevil, Jessica Jones, Luke Cage and Iron Fist — plus a four-to-eight episode mini-series centered on “The Defenders” team that will wrap it all together.

“Since 2008 Disney has directly contributed almost half a billion dollars to New York’s economy through television and film production, along with approximately 9,000 jobs for New Yorkers,” Iger said. “The Governor’s policies make this great state a more affordable and attractive location, opening the door for even greater economic investment and job creation for New Yorkers. Our Marvel series for Netflix will inject millions directly into the local economy and create hundreds of new jobs.”

According to the state’s release, the series should create at least 3,000 jobs, including 400 full-time jobs. The governor’s office estimates that production in New York State this year should generate $2.11 billion in spending, while companies recoup $477 million.

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The deal was first announced in November. will feature comic book heroes. The Daredevil series will be written by “Cabin in the Woods” director Drew Goddard, who is a disciple of Joss Whedon, the “Avengers” director and one of the hands helping guide Marvel Studios President Kevin Feige navigate what is becoming an increasingly massive and tangled universe.

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In addition to the “Phase Two” of its original superhero films — sequels for Iron Man, Thor, and Captain America — that will lead up to “Avengers: Age of Ultron,” the company is introducing a new team, the Guardians of the Galaxy, in a James Gunn-directed film that is due out this summer.

The four Netflix series represent the studio’s big venture into streaming television, while its “Agents of S.H.I.E.L.D.,” shown on Disney’s ABC broadcast network, is its foothold in traditional TV.

Sony’s “The Amazing Spider-Man 2,” which is due out this summer, also shot in New York City, and was touted last year as the biggest movie production in the state’s history.