Major new film and TV studios plans approved
- Details
Sunset Studios in Los Angeles and an investment firm bought land for £120m last year. Lewis Cocking, leader of Broxbourne Borough Council, said it was "a fantastic opportunity" for the area. A meeting of the council's planning and regulatory committee granted the development outline planning permission.
Studio owner and operator Hudson Pacific, also based in Los Angeles, has joined with investment company Blackstone and they hoped to transform the site into a hub for UK and international productions. The companies anticipated it would "contribute £300m annually to the local economy" and could create up to 4,500 jobs.
Preliminary site work is expected to start later this year with construction beginning in 2023 with the aim of opening the studio complex in 2025.
James Seppala, head of Blackstone Real Estate Europe, said the studio "will be a world-renowned hub for content creation and creativity that will help assert the UK's role as a premier destination for creating entertainment".
