Netflix is set to open its first studio in the city right here in Brooklyn.
The new 170,000-square-foot facility in Bushwick will be decked out with six sound stages, editing suites, meeting rooms and a commissary. The sound stages have enough space to film two TV shows at the same time, or one blockbuster movie, Bloomberg reports.
New York City Mayors Office of Media and Entertainment Commissioner Anne del Castillo said the new studio, which will receive $4 million in tax credits over the next 10 years provided Netflix keeps at least 127 in the city until 2025, was really important for New York.
Its not just a nice to have. Its a real economic driver.
Netflix has promised to spend $100 million in the city and create thousands of jobs with the new Brooklyn studio and an office space it has recently opened in Manhattan.
Michael Manas, who oversees the new Brooklyn facility for Netflix, said the companys investment in Bushwick would extend beyond the space itself, with Netflix hiring local workers for its productions and for its wood shop and ordering food from local restaurants.
This really is a neighborhood project, he told Bloomberg.
A state tax incentive program, which allocates $420 million a year in giveaways to attract productions, has seen the number of productions made in New York double since 2015. Although COVID-19 ground the sector to a halt, the number of shows being produced in New York has returned to pre-pandemic levels at around 70.
Its such a critical time for industry to say, Were here, and were back, Manas said.
The studio is slated to open in September.
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