Welcome to 'Tamalewood!' Major studios, including Netflix and NBCUniversal, are fleeing California in favor of New Mexico to take advantage of 35% tax incentive | WHAT REALLY HAPPENED

Welcome to 'Tamalewood!' Major studios, including Netflix and NBCUniversal, are fleeing California in favor of New Mexico to take advantage of 35% tax incentive

Hollywood is fleeing California in favor of New Mexico, enticed by the state's 35 per cent tax breaks and looser COVID-19 restrictions.

The tax incentive this year has already brought $623 million into the Land of Enchantment- or Tamalewood as the locals have nicknamed it.

Netflix and NBCUniversal both built production studios in New Mexico this year after signing deals a few years back. Netflix penned a $2billion deal to produce content in the state over the next decade while NBCUniversal committed to a $500 million deal.

Netflix's desert plateau southeast of Mesa Del Sol containing 10 new sound stages and training facilities is now the company's main North American location and one of the largest film production complexes in the country.

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