American streaming company Netflix has purchased a former Army base in New Jersey to create a production studio.
They have reportedly spent US$850 million on the plot and it is said to become the largest production facility in the world.
![](https://societyachievers.com/wp-content/uploads/2022/12/tablet-gc8f988079_1920-1-1024x683.jpg)
They have said the facility should house 12 sound stages, ancillary production spaces, and a lot more.
Netflix’s Director Rajiv Dalal says, “This will be a key focal point for us and it will be our East Coast production hub.”
Netflix has estimated that it should generate between US$7.4 billion and US$8.9 billion in output over the next 20 years for production and construction with regards to this new plot.