A vast movie studio is set to be built just outside London as part of an effort to tempt the likes of Amazon and Netflix to make more blockbusters in the U.K.
The companies have paid £120 million for a 91-acre site in Broxbourne, Hertfordshire, which is located nearly 20 miles north of the capital. They plan to spend around £700 million on the development in total.The new TV and movie "campus" is being hailed as an expansion of Sunset Studios, which has three locations across Hollywood.
"With our expertise developing and operating state-of-the-art media campuses and Blackstone's resources and existing market presence, we are confident this facility will be in high demand from leading content creators," he added. The site is expected to be bigger than Britain's well-known Pinewood Studios, which is where the James Bond franchise began in the 1960s.
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