Netflix eyes new army production hub2/27/2024 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 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. So proud of this team.Queen's Former Press Secretary Gives Verdict On 'The Crown' Actresses Who Played His Boss: "I Don't Remember Her Being Glum & Boring" “The world is ready for TAINR! Can't wait to see one in my local grocery store. “We buy in bulk using our own containers so your product is something we would use in a heartbeat.”- Ricardo Limon “I am very excited about the technology, and strongly support clean initiatives, particularly when the founders are true believers.” – Juan Gonzalo Troncoso “I personally want this product, I believe in this team, and I hate baby grocery store pencils.” – Katie Reavis □Honored as a 2023 World Changing Idea by Fast Company ✨ We’re in the Reuse Catalyst Cohort with activators like Target, Walmart, Unilever, Nestle □ We have 20+ kiosks waitlisted for production with grocers via signed Letters of Intent (LOIs) □ We built a patented refill kiosk that’s 5x more efficient and 100% hygienic vs the traditional bulk aisle Here’s why you should invest as little as $200 in TAINR: Our ultimate goal is $300,000 funds raised, and we’d love for YOU to join us in the #RefillRevolution. This is a huge boost in our mission to eliminate plastic packaging from our food via smart refill stations. We’re very excited and honored to announce that we have raised over $175,000 from 100+ investors via an equity crowdfunding campaign on Wefunder□
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