Sony Pictures Imageworks and Albuquerque Studios have signed a deal that will house new Imageworks facilities in a build-to-spec 100,000-sq-ft facility on the studio's campus at the Mesa del Sol development in Albuquerque. The creation of a base in New Mexico provides imageworks with a number of opportunities, according to Imageworks President Tim Sarnoff. "New Mexico offers a combination of quality of life plus economic advantages that will help us as a company to manage both our cost and expand our capacity." Among the economic advantages is New Mexico's 25 percent tax rebate on production costs for film and TV. The tax incentive's impact on the industry in the state was a key factor in Imageworks' decision according to Sarnoff.
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