The film industry's boycott of the State of Georgia due to the new forced pregnancy law continues, with the first major studio now announcing it's considering pulling out of the state.

Netflix says it will continue to film in Georgia amid controversy surrounding the state’s passage of an abortion law forbidding termination of a pregnancy after an indication of a heartbeat. 

But the company said it would rethink its investment in Georgia should the bill go into effect. The statement comes as some in the film and TV industry have said they will boycott working in the state because of the law. 

“We have many women working on productions in Georgia, whose rights, along with millions of others, will be severely restricted by this law,” Netflix Chief Content Officer Ted Sarandos said in a statement sent to CNBC on Tuesday. “It’s why we will work with the ACLU and others to fight it in court. Given the legislation has not yet been implemented, we’ll continue to film there — while also supporting partners and artists who choose not to. Should it ever come into effect, we’d rethink our entire investment in Georgia.” 

Last week, CNBC reported the state’s up to 30% tax credits attracted more than 450 film and television projects last fiscal year, driving more than $4.5 billion in wages and having an economic impact of greater than $9.5 billion, citing Georgia’s governor’s office. Projects included Disney’s Black Panther and Avengers: Infinity War, AMC’s The Walking Dead and Netflix’s Ozark. Netflix has also shot shows including Queer Eye and The Haunting of Hill House in Georgia in recent years.  Actors including Mark Duplass have pledged to boycott filming in Georgia “until they reverse this backwards legislation,” Duplass tweeted earlier this month.  Ozark star Jason Bateman has also said he’d no longer work in Georgia if the legislation “makes it through the court system.”

Meanwhile, some in the production community argue that taking work from locals doesn’t do much in the way of fighting state laws, instead hurting local workers.  Actor and comedian Ilana Glazer (Broad City) said that she chose not to film an upcoming project in Georgia due to the forced pregnancy law, but "It sucks because the people of Atlanta are stoked and hustling, and the city is just groovin' on making so much stuff." 

Before Georgia's abortion law was voted on by the state senate, Glazer said she was warned by the movie's director that they should move their filming location: "Before I saw it in the news, she sent me this thing, 'We should move our movie from Atlanta to New Orleans or just in New York.'

"I was like, 'I don't want to shoot there,'" she continued. "Film and TV is such an advertisement for the city and for the state that it's in and I just don't want to be there and support it, but it sucks because there are people there — 75 percent of the people are down for this. ... So it sucks to punish those people, but I guess you have to make a move to make a statement."

Cheatin' Brian Kemp - bad for women, bad for Georgia, bad for business.

Meanwhile, in Alabama: