ALBUQUERQUE, N.M. (AP) — Executives with NBCUniversal celebrated the opening of a new production facility in New Mexico on Thursday, as state and local officials touted efforts by the film and television industry to find ways to work through the challenges that stemmed from the coronavirus pandemic.
The executives were joined at a ribbon-cutting ceremony by Gov. Michelle Lujan Grisham and Albuquerque Mayor Tim Keller.
“Despite the pandemic, we’ve had one of our best and most productive years — if not our very best year ever — with the film and television industry,” the governor said in a statement. “This industry has leapt back to life because they have put safety first — and they will help our state recover economically as we put the pandemic behind us.”
NBCUniversal had announced in 2019 that it would build a state-of-the-art television and film studio in a warehouse district just north of downtown Albuquerque as part of a plan to expand its footprint in one of the fastest growing film production hubs in the country. The company also committed to $500 million in direct production spending over 10 years.
The media giant received more than $10 million in state and local economic development funds as incentives for locating the production facility in New Mexico.
This summer, MacGruber, a comedy series for Peacock by Universal Television, a division of Universal Studio Group, will begin filming in the facility through August 2021. It will star Will Forte, Kristen Wiig and Ryan Phillippe.
Meanwhile, Netflix is moving ahead with plans to expand its operations on the southern edge of Albuquerque.
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7 Undervalued Stocks That Deserve More Attention
With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?
From cannabis to cryptocurrencies, and let’s not forget electric vehicles the market seems to be blowing bubbles wherever you look. And that’s why now may be exactly the right time to zig while the market is sagging. And that means looking for undervalued stocks.
But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.
However, the general idea is that you’re looking for stocks that are trading below their fair value.
In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but it’s trading at a lower price. In other cases, a company may have potential that is not reflected in its stock price. Put another way, undervalued stocks are stocks that have room to grow. That’s why they deserve a place in your portfolio.
And that’s why we’ve put together this special presentation on stocks that are undervalued right at this time. An investment in these companies is likely to be rewarded because the stocks are moving under the radar from the broader market.
View the “7 Undervalued Stocks That Deserve More Attention”.