Sunset studio built in the UK for Amazon, Netflix and more

Caleb McLaughlin as Lucas Sinclair, Finn Wolfhard as Mike Wheeler, Millie Bobby Brown as Eleven, and Gaten Matarazzo as Dustin Henderson appear in Netflix’s original series Stranger Things. did.

Source: Netflix

London — A vast new movie studio will be built just outside London as part of an effort to seduce Amazon, Netflix and others to increase blockbusters in the UK.

Developments subject to building permits are funded by Blackstone Real Estate Partners and Hudson Pacific Properties.

The two companies have paid £ 120m ($ 167m) to a 91-acre site in Broxbourne, Hertfordshire, about 20 miles north of the capital. They will spend a total of around £ 700 million on development.

Blackstone and Hudson Pacific already own a group of studios in California called Sunset Studios.

The new television and movie “Campus” is welcomed as an expansion of three Sunset Studios in Hollywood. “The Fresh Prince of Bel-Air” was filmed at Sunset Studio, as were movies such as “La La Land,” “The Karate Kid,” and “Zoolander.”

“We are excited to expand the UK’s Sunset Studio platform, the global hub for film and television production,” Hudson Pacific Chairman and CEO Victor Coleman said in a statement. ..

“With our expertise in developing and operating state-of-the-art media campuses, Blackstone’s resources, and our presence in the existing market, we are confident that the facility will be in high demand from leading content creators,” he adds. I did.

“This is a focus on thematic investments in media, entertainment and content creation and a continuation of our long-term beliefs,” said James Seppala, head of Blackstone Real Estate Europe, in a statement.

The site is expected to be larger than the famous British Pinewood Studios, where the James Bond franchise began in the 1960s.

According to the two companies, the facility will create more than 4,500 jobs in Broxbourne and the surrounding area, contributing more than £ 300 million annually to the local economy. “This represents a great opportunity for the people of our Autonomous Region,” said Luis Cocking, leader of the Broxbourne Autonomous Region Council.

The UK ranks among the world’s leading filmmaking markets, but lags behind Hollywood in the United States and Bollywood in India. According to the British Film Institute, spending on film and high-end television production in the UK in 2020 reached £ 2.84 billion, down 21% from 2019 levels.

British Minister of Culture Oliver Dowden welcomed the new studio as “a vote of confidence in Britain’s booming film and television industry.”

Sunset studio built in the UK for Amazon, Netflix and more

Source link Sunset studio built in the UK for Amazon, Netflix and more

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