Streaming giant Netflix said it will invest $905 million to transform an old Army base in Fort Monmouth, New Jersey to a state-of-the art production hub.
Streaming giant Netflix will invest $905 million to transform a vacant Army base in New Jersey into its East Coast production hub.
Additionally, the company plans to invest nearly $850 million in the community to develop the state-of-the-art production studio, which will include 12 soundstages. New Jersey Gov. Phil Murphy said Netflix’s arrival will create more than 1,500 permanent production jobs in the area, as well as 3,500 construction jobs.“This transformative investment will serve as a cornerstone in our efforts to create a thriving industry from whole cloth,” Murphy said. “As a result of nearly a billion dollars in film production spending, New Jersey will further solidify its status as an emerging national leader in the television and film industries.
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