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flag Netflix’s $72B deal to buy Warner Bros. Discovery may revive New Mexico’s shrinking film industry, pending approval.

flag Netflix’s proposed $72 billion acquisition of Warner Bros. flag Discovery, pending regulatory approval and expected to close in late 2026 or summer 2027, could revive New Mexico’s struggling film industry, which declined from 112 productions and $855 million in 2022 to 76 productions and $323 million by 2025. flag The state’s film sector, employing over 8,400 people, has suffered due to the Writers Guild strike, international competition, and shifting production trends. flag While Netflix’s existing presence in Albuquerque and plans for increased U.S. original programming offer hope for more stable work, theater owners worry reduced theatrical releases from Warner Bros. could hurt box office revenue. flag Despite uncertainty, many in the industry see the deal as a potential catalyst for recovery, though concerns remain about wages and streaming’s long-term impact on cinema.

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