The venture backed by investment firm Blackstone and Hudson Pacific Properties is expanding outside the U.S. with the hub near London.
When Harry Met SallyJames Seppala, head of Blackstone Real Estate Europe, said: “We are excited to expand our partnership with Hudson Pacific into the U.K. and intend to deliver a world-class studio facility that will help ensure that the U.K. continues to be a premier destination for content production globally. This is a continuation of our thematic investment focus and long-term conviction in media, entertainment and content creation.
Victor Coleman, chairman and CEO of Hudson Pacific, added: “We are thrilled to expand our Sunset Studios platform in the U.K., a global hub for film and television production. 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.”
British Prime Minister Boris Johnson, said: “This investment is excellent news for the U.K.’s film and TV industry, pumping hundreds of millions of pounds into the local economy and creating thousands of jobs for the people of Hertfordshire. The creative industries are at the heart of our plans to build back better. This will be a hub for both U.K. and international productions, showcasing homegrown talent on the global stage.
Added culture secretary Oliver Dowden: “This new studio is yet another vote of confidence in the U.K.’s booming film and TV industry. Through the British Film Commission, we’re supporting the development of stage spaces like this across the U.K. – boosting the local economy and backing our world-class creatives to make the next
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