State pays $22M in credits to Avengers

KRQE - Marvel's The Avengers has already raked in $1 billion worldwide, but News 13 has learned the state shelled out some serious cash to shoot the movie in New Mexico. According to the Taxation and Revenue Department, the state paid $22,413,469 in credits to Marvel Worldwide, Inc., the company that produced The Avengers. That means the production company spent at least $88 million here, said New Mexico Film Office Director Nick Maniatis. About 80 percent of the movie was shot at various locations around Albuquerque, including the Old Railyards, the Sunport and sound stages at Albuquerque Studios. The state currently provides a 25 percent rebate to film and TV productions that shoot here. As of July 2011, or the start of the current fiscal year, a new law went into effect that caps film and TV production payouts to $50 million. The Avengers were paid June 28, 2011, or last fiscal year, according to tax and revenue officials. That year, the state paid $96 million in credits.  Read More News New Mexico

State pays $22M in credits to Avengers