One of the reasons why streaming platforms like Netflix has appealed to many, both consumers and creators, is that they don’t necessarily play by the same rules as some of the larger studios do, where they seem to allow creators to have a bit more flex when it comes to creativity (although it doesn’t always pay off).
This has resulted in great shows and movies, allowing streaming platforms to grow even bigger. Now it seems that Netflix has gotten so big to the point where they are now planning to buy their own production studio. The announcement from Netflix will see the company acquire ABQ Studios, which would make it the first production studio that they would own outright.
There is no mention of how much this acquisition will cost the company, but Netflix has also stated their plans to invest as much as $1 billion into production in the area of New Mexico over the course of the next decade, and it is also expected to create as many as 1,000 production jobs a year.