New jersey drive netflix series#
New jersey drive netflix tv#

The streamer estimates between $7.4 billion and $8.9 billion in output over the next 20 years for production and construction. Netflix estimates the studio will create 3,500 jobs during peak construction and, conservatively, between 1,400 and 2,200 jobs when it’s fully operational. The New Jersey Economic Development Authority said the state can designate up to three new Studio Partners.)Īs with most such projects locally approved, jobs and workforce development play a key role. (Separately Wednesday, Lionsgate was awarded New Jersey’s first “Studio Partner” designation making it eligible to capture additional above-the-line wage and salary costs as qualified expenses under the state’s industry tax credits. “We are hoping that a critical mass has built up,” said Dalal. A second film studio in Kearney opened this year. Construction of a large production facility in Bayonne – 1888 Studios - is set to start in the first quarter of 2023.

New jersey drive netflix tv#

Lionsgate will be the anchor tenant of a new $125 million, 12-acre film and TV production studio in Newark by Great Point Studios and the New Jersey Performing Arts Center, announced earlier this year. The area is versatile with proximity to major metropolitan areas as well as beaches, farmland and scenic backdrops. The streamer cited New Jersey’s top-notch crews and talent and said it’s had good experiences filming in the state on shows including Army of the Dead.

The attraction of Fort Monmouth was a combination of size and location. “Given our content slate, we still have enough titles to be shooting in all of these locations.” “We don’t anticipate a reduction in filming around the world,” Netflix Director of Content & Studio Affairs Rajiv Dalal tells Deadline. It leased stages in Atlanta, Toronto, Vancouver and across California and internationally in London, Tokyo, Seoul, and Madrid. Netflix opened a studio in Bushwick, Brooklyn last year. But studio space remains a hot commodity with demand for modern stages outpacing supply, especially in the New York metro and tristate area. The project comes at a time of pressure on big entertainment companies to rein in content spending. Some three to six months of due diligence by county and state authorities would follow before work on the site could begin on the new studio, with 12 sound stages, back lots and production support. NJ Governor Phil Murphy has a veto period, but the pol has been pushing very hard to bring production to the Garden State with tax credits and other incentives. production hub in Albuquerque, New Mexico, which totals 300 acres. The 289-acre site of Netflix Studios Fort Monmouth, a former army base, would be one of the largest fully integrated production facilities in the world and a very close second to Netflix’s biggest U.S. The Fort Monmouth Economic Revitalization Authority is expected to approve the project at a meeting this evening. Netflix will pay $55 million for a big parcel of land in New Jersey, then invest about $850 million to build a state-of-the-art production studio, according to details of the streamer’s bid.

New jersey drive netflix series#

New Jersey has made a series of aggressive moves in recent years to lure shoots to the Garden State, touting its tax incentives, locally based below-the-line talent, diverse locations and proximity to New York City.

As a new phalanx of streaming services has risen up to rival and start to overtake traditional film and TV in recent years, overall production activity has boomed across the U.S., with the New York area experiencing particularly explosive growth. Netflix spent about $18 billion a year on programming this year and plans to sustain that level in the near future despite overall cost-reduction efforts at the company. “We believe a Netflix studio can boost the local and state economy with thousands of new jobs and billions in economic output,” Netflix Co-CEO Ted Sarandos said. 'Suits' Breaks Nielsen Streaming Record For Acquired Programming 'The Bear' Hits 1B Minutes Viewed In A Week