Sky has unveiled plans to build a new film studio in Borehamwood next to Elstree Studios, which would create 2,000 new jobs.
The media and telecommunications conglomerate is looking to have the 32-acre TV and film studio up and running by 2022, fully equipped with 14 sound stages, production offices, a set construction workshop, a screening cinema and state-of-the-art post-production and digital facilities.
While the potential cost of the development has not been unveiled, the company has claimed the studio would attract an additional £3billion of production investment over the first five years of operation.
The development has the backing of Sky’s new owner, Comcast, and sister firm NBC Universal – behind top movies such as the Fast & Furious and Despicable Me series.
Sky’s group chief executive, Jeremy Darroch, said: “We know our customers love our award-winning Sky Originals like Chernobyl and our investment in Sky Studios Elstree will enable us to bring more unique stories to more viewers.
“Together we share a joint vision to create a world-leading production capability that will support the creation of thousands of jobs in the creative sector. We can’t wait to get started.”
What are your thoughts on Sky’s plans? Email Jake at Newsroom@mynewsmag.co.uk
Picture courtesy of Sky News