Sony Pictures Runs Away from Albuquerque
Since 2007, the downtown Albuquerque post-production studio operated by Sony Pictures Imageworks has helped out with some of Hollywood’s biggest titles: I Am Legend, Green Lantern and, currently The Amazing Spider-Man and Men in Black 3.
But come July, when the office space lease expires, current employees will be switching to computers in Vancouver and LA. The base economics of this decision will sound mighty familiar to many here on the west coast. From a report in the Albuquerque Journal:
“We offer the company 25 percent film incentives, while Vancouver is going to offer them 46 percent,” said Nick Maniatis, director of the New Mexico Film Office.
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