Lionsgate Newark Studios Explained

Lionsgate Newark Studios
Type:Studio
Foundation:2022
Founders:Great Point Studios
Hq Location:101 Center Terrace, Newark, New Jersey 07114
Industry:Entertainment
Products:Motion pictures, television programs

Lionsgate Newark Studios is a 350,000 square foot film and television production studio under construction in Newark, New Jersey. It is located in Dayton in the South Ward on 15acres of land overlooking Weequahic Golf Course west of Newark Liberty International Airport.

Lionsgate is to be the key tenant with naming rights, and the project is being built by Great Point Studios.[1] [2] [3]

The studio is billed as the first purpose-built studio in New Jersey to be constructed for TV and film production using tax credits. It includes five soundstages ranging from 20,000 to 30,000 square feet and additional space for on-site production support services such as catering, offices, and prop handling.[4]

Development

In 2022, the city of Newark, New Jersey announced that a major new film and television production studio would open in 2024 on the 15-acre former Seth Boyden housing projects site (along New Jersey Route 27) in the Dayton section of the city. It is adjacent to Weequahic Park and Weequahic Golf Course near Evergreen Cemetery and the airport. Governor Phil Murphy and Mayor Ras Baraka praised the project.[5]

The venture is billed as likely to generate up to 600 jobs and up to $800 million in economic impact for Newark and the state.[6] [7]

In 2024, the Port Authority of New York and New Jersey announced that Newark Liberty International Airport rail station, which had been inaccessible to the neighborhood, would be opened to allow rail travel to and from the neighborhood from New York City and points west.

See also

References

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Notes and References

  1. Web site: Inside the deal to create Newark's 'mini-Hollywood' at new $125 million studio complex – Real Estate NJ. re-nj.com.
  2. Web site: Lionsgate to get tax breaks for high-priced talent at big studio planned in Newark. Steve Strunsky | NJ Advance Media for. NJ.com. December 29, 2022. nj.
  3. https://patch.com/new-jersey/newarknj/lionsgate-will-get-extra-tax-breaks-make-movies-shows-newark Lionsgate Will Get Extra Tax Breaks To Make Movies, Shows In Newark
  4. Web site: NJEDA Awards First Studio Partner Designation Tax Credit to Lionsgate Films. TAPinto.
  5. Web site: Hollywood on Newark Bay? Officials say Lionsgate film & TV studio is coming to Brick City . May 17, 2022 .
  6. Web site: New Jersey Beefs Up Physical Production Infrastructure Through Deals With Netflix and Lionsgate. William. Earl. December 22, 2022.
  7. Web site: Lionsgate, Great Point Partner For Major New Jersey Studio Complex. Yahoo Finance.