Netflix is buying a former New Jersey Army base to create one of the largest production facilities in the world.
In April 2021, Murphy wrote a letter to major Hollywood studios like Disney, Warner Bros., and Netflix in an attempt to lure them away from Georgia after a fight over changes in voter registration laws there.
While Netflix's ears were certainly piqued by the tax incentives Murphy dangled before it, in the end, one of the biggest selling points, was the land. Dalal said its not easy to find a"large swath of land" near a major metropolitan location such as New York City. "We're thrilled to continue and expand our significant investment in New Jersey and North America," said Ted Sarandos, Netflix Co-CEO and chief content officer in a prepared statement.There's still a long road ahead before the streaming giant physically builds studios at the old fort. Netflix has a 36-month window to complete its due diligence on the site and acquire local approvals before closing on the property.
The property, which was put put to public bid in June, consists of several redevelopment districts and was appraised at $55.4 million.
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