130 Netflix is bringing Hollywood to New Jersey as it closes a $55 million deal to purchase the former Fort Monmouth Army base. The streaming giant plans to build an $850 million studio on 300 acres in Eatontown and Oceanport. The new production facility will feature 12 sound stages, ancillary production spaces, and back lots, similar in size and scope to its studios in New Mexico. The facility will be used to produce high-quality TV series and films, including original content, and production will also occasionally take place at scenic locations around the state. Netflix signed an agreement with the Fort Monmouth Economic Revitalization Authority on Wednesday to complete the deal. You Might Be Interested In Apple’s Tim Cook and Google’s Sundar Pichai Explored “Deep Partnership” in 2018, Raising Antitrust Questions India’s Adani Group Makes Waves with Acquisition of Israel’s Haifa Harbor Amgen, FTC Settlement Allows $28B Horizon Acquisition to Move Forward A small regional airline launched six new routes between the U.S. and Mexico Air India Undergoes Bold Revamp: New Branding and Livery Unveiled Titan plans CaratLane employee ESOP buyout for around Rs 350 crore
