Netflix buys the New Jersey Army base Fort Monmouth for the production studio

  • Netflix wants to convert the former New Jersey army base into a film and TV production facility.
  • The Hollywood broadcasting giant says it could create between 1,400 and 2,200 jobs annually.
  • Netflix will have at least 18 months before the property closes and construction begins.

OCEANPORT, NJ — Netflix is ​​buying a former New Jersey Army base to create one of the largest production facilities in the world.

On Wednesday, the Fort Monmouth Economic Revitalization Authority (FMERA) voted to enter into a sales contract with the streaming giant to purchase Fort Monmouth’s Mega Parcel for $55 million. FMERA is the government agency responsible for the redevelopment of Fort Monmouth, which was closed by the US Army in 2011.

Netflix said it will invest more than $850 million to build a state-of-the-art production facility — one with 12 soundstages and attached production and backstage space, similar in size and scope to its New Mexico studios — to produce TV series and movies, including originals. Production will also occasionally take place on location in scenic backdrops around the state.

Is it safe to dye dog fur? Turning a dog into a Grinch is safe and simple, says the groomer behind the viral video

He’s not on TV this year:How to watch “A Charlie Brown Christmas” for free starting Thursday

Art rendering of the proposed Netflix Studios Fort Monmouth.

“This will be a major focal point for us and will be the center of our productions on the East Coast,” said Rajeev Dalal, director of content and studio affairs at Netflix.

The economic impact of Netflix

Netflix estimates that it will generate between $7.4 billion and $8.9 billion in production over the next 20 years of production and construction. The value added to the New Jersey economy as a direct result of this activity during the same period is estimated to be between $3.8 billion and $4.6 billion.

#Netflix #buys #Jersey #Army #base #Fort #Monmouth #production #studio

Leave a Reply

Your email address will not be published. Required fields are marked *