Netflix Gets Green Light To Build $850M Film Studios In New Jersey
Oceanport officials gave Netflix the go-ahead to build an $850 million production facility at Fort Monmouth, making it the streaming giant’s first East Coast hub. The board approved the plan…
LOS ANGELES, CALIFORNIA – JULY 19: The Netflix logo is displayed at Netflix offices on July 19, 2023 in Los Angeles, California. Members of SAG-AFTRA, Hollywood’s largest union which represents actors and other media professionals, have joined striking WGA (Writers Guild of America) workers in the first joint walkout against the studios since 1960. The strike could shut down Hollywood productions completely with writers in the third month of their strike against the Hollywood studios. Netflix reported second quarter earnings after the closing bell today.
(Photo by Mario Tama/Getty Images)Following their approval, A Netflix spokesperson told the press, "While we still have a lot of work ahead, we are excited to continue partnering with local officials and the community to transform this historic space into a world-class production facility."
The blueprint shows a sprawling complex with 12 sound stages spread across 292 acres. The first phase will focus on the 29-acre McAfee Zone, where they'll build four stages. Two buildings will be 22,000 square feet each, while the combined-stage buildings will cover a whopping 83,555 square feet.
Each stage comes with large doors for moving big equipment. The plans also include workshop space and storage areas for props and gear.
New Jersey sweetened the deal with $125 million in film and media tax credits. The only catch? Well, under their designation agreement, Netflix needs to stick around for at least 10 years to keep the money.
For security, an 8-foot concrete wall will wrap around the property. So good luck trying to sneak on set and become an extra...
While the site will run 24/7, most work will happen during weekdays from 5 a.m. to 11 p.m. Staff will watch over gated entrances.
Officials limited sign height to 12 feet, keeping them lower on buildings to shield nearby homes from light pollution.
Before construction kicks off in late 2025, the project needs to pass environmental reviews and get local planning approval, which could impact the schedule.
