New Netflix production studio opens in New Jersey
FILE - Netflix logo is seen on the side of the Netflix Tudum Theater in Los Angeles, California, on Sept. 14, 2022. (Photo by PATRICK T. FALLON/AFP via Getty Images)
FORT MONMOUTH - Former Army base Fort Monmouth will soon be transformed into a film and television studio for Netflix.
Groundbreaking ceremony
What we know:
New Jersey Governor Phil Murphy announced plans to build the East Coast production facility in 2022.
The production studio campus, which will be over 292 acres, will include 12 soundstages, backlot areas and other production support facilities.
Netflix Studios Fort Monmouth broke ground earlier today, May 13. Gov. Murphy delivered remarks at the groundbreaking, along with other government officials and Netflix representatives.
Gov. Murphy delivered remarks at the groundbreaking ceremony, speaking on the benefits the studio will have on the state.
By the numbers:
The studio is estimated to create more than 1,500 permanent production jobs and more than 3,500 construction-related jobs in New Jersey, according to Netflix.
Netflix co-CEO Ted Sarandos was also in attendance, noting that there are currently seven Netflix productions shooting in New Jersey. "Today takes us one step closer to making New Jersey an international center for studio production and Netflix is excited to be a part of it."
Netflix plans to open the full facility in 2028.
Lights, camera, tax credit
The New Jersey Economic Development Authority (NJEDA) Board has designated Netflix as a Studio Partner, making the company eligible for expanded benefits under the state’s Film and Digital Media Tax Credit program – one of the benefits being a 40 percent base tax credit.
"Under Governor Murphy’s leadership, film production continues to thrive in the Garden State, exemplified by Netflix’s commitment to build a world-class studio in Fort Monmouth," said NJEDA Chief Executive Officer Tim Sullivan.
The Source: This article includes reporting from a press conference given by New Jersey Governor Phil Murphy and Netflix representatives, as well as statements from Netflix and the New Jersey Economic Development Authority Board.