Hollywood’s Sunset Studios has a new sister site – a £700m development in Broxbourne, Hertfordshire – the first the chain has built outside Tinseltown
Hollywood’s Sunset Studios chain has a new sister site – in Hertfordshire.
The £700m development in Broxbourne, which will be announced today, is the first the chain has built outside of Tinseltown.
It will be used for television, film and digital production and is expected to create 4,500 jobs.
Star quality: The £700m development is the first the chain has built outside of Tinseltown
Hudson Pacific Properties and Blackstone, the partner behind the project, said they wanted to make Broxbourne – 17 miles north of central London – ‘one of the largest world-class film and television studio campuses’.
The investment comes at a time when the popularity of video streaming services has turbocharged demand for new content.
That has led to intense competition for studio space, leading to a string of expansions and new developments such as Sky’s new complex in Elstree, as well as deals by Netflix and Disney to sign leases with Shepperton and Pinewood Studios.
Britain’s creative industries are seen as among the best in the world, with the film industry alone contributing an estimated £4.6billion to GDP and supporting more than 117,000 jobs.