Netflix is in final negotiations to purchase Albuquerque, New Mexico-based studio, ABQ Studios, located in the city’s Mesa Del Sol community.

Upon the deal’s completion, the company plans to bring $1 billion in production to New Mexico over the next 10 years and create up to 1,000 production jobs per year. This is Netflix’s first purchase of a production studio complex.

Netflix will produce film and television series in the new facility and at locations around the state, including irreverent apocalypse dramedy “Daybreak,” supernatural drama “Chambers” and epic, suspenseful drama “Messiah.” “Chambers” and “Messiah” are currently being produced in the Albuquerque area; both productions have provided jobs for over 700 New Mexican crew members.

Previous Netflix productions in New Mexico include the “Godless,” “The Ridiculous Six” and “Longmire.”

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The studio complex has also been used for films including “The Avengers,” “Logan,” “The Long Rangers” and “Sicaro.”

On the TV side, AMC’s “Breaking Bad,” “Better Call Saul,” and “Preacher” have used the complex, as well as NBC’s “Midnight, Texas,” and Epix’s “Get Shorty.”

“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. “After years of hard work to cut taxes and make New Mexico business-friendly, we’re seeing incredible results. Now, New Mexico is leading the nation in economic growth and lowering unemployment and we’ve brought the world’s leading internet entertainment service, Netflix, to our state.”

The effort to bring Netflix to Albuquerque will be made possible through the Local Economic Development Act (LEDA) funding. The State of New Mexico will provide up to $10 million in LEDA funding and the City of Albuquerque will commit up to $4.5 million in local LEDA funding to the project.