K.J. Yossman Netflix’s U.K. production spend rocketed to £8.4 million ($10.2 million) in 2022 but the figure doesn’t represent entirely good news for the British film and TV industry.
21.09.2023 - 22:05 / deadline.com
Warner Bros Discovery has confirmed it plans a major expansion of its Leavesden studio lot, with the UK location set to become the epicenter of DC Studios production.
The media company has spent the past year-plus in cost-cutting mode, delivering $4 billion in cost savings related to the 2022 merger of WarnerMedia and Discovery while also working to reduce debt. At the same time, it has been battling with production rival Pinewood, which is also in expansion mode and looking to attract major U.S. shoots, which are proliferating in the UK. Barbie, one of the top-grossing Warner Bros movies ever made, was shot at Leavesden.
Plans call for 10 new sound stages and 400,000 new square feet of production and support space, according to a press release. The growth surge will increase the production capacity in Leavesden by more than 50%. The total stage count will rise from 19 to 29 and the overall production space from 1.14 million square feet to 1.78 million square feet.
Work is slated to start in the second quarter of 2024 and wrap up in 2027. The bulked-up WBSL will become a primary production hub for DC Studios, the company said.
The BBC had reported on the expansion plan Wednesday.
Chancellor of the Exchequer, Rt Hon Jeremy Hunt MP, visited the Leavesden lot today and met with Simon Robinson, COO of WBD Studios, and Dan Dark, EVP Worldwide Studio Operations, according to insiders.
“Warner Bros. Studios Leavesden is globally-recognized for its exceptional soundstages and facilities,” Robinson said. “With this planned expansion adding significant capacity and capabilities, it will be home to even more incredible storytelling for both film and television projects. We are proud to not only be growing our productions in
K.J. Yossman Netflix’s U.K. production spend rocketed to £8.4 million ($10.2 million) in 2022 but the figure doesn’t represent entirely good news for the British film and TV industry.
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