Netflix's Billion-Dollar Studio: Ground Broken in New Jersey

Netflix Breaks Ground on Massive New Jersey Studio Complex Oceanport, NJ – Netflix has officially commenced construction on its ambitious new film and production studio in Oceanport, New Jersey. The project, estimated at close to $1 billion, involves the transformation of the defunct Fort Monmouth army base into a sprawling campus covering nearly 300 acres. The new facility will boast 12 soundstages, extensive backlot areas, and advanced production facilities, solidifying Netflix's presence on the East Coast. "This is a significant investment in New Jersey's creative economy," said a spokesperson for the state's economic development agency. "It will bring numerous jobs and opportunities to the region." The groundbreaking ceremony, attended by state officials and Netflix executives, marked the beginning of demolition work at the former army base. The project is expected to create thousands of jobs, significantly boosting the local economy. The completed campus will serve as a major production hub for Netflix, producing a wide array of content for global audiences. This significant investment underscores Netflix's commitment to expanding its production capabilities and solidifying its position as a leading player in the entertainment industry.