December 5, 2019
In the burgeoning over-the-top video streaming world, original content production has become a prerequisite to lure consumers. And the physical space to create movies and TV shows in the United Kingdom is now a new cottage industry.
Comcast-owned satellite TV operator Sky has announced plans to build a Hollywood-style studio on 32 acres north of London it claims would employ 2,000 people and help it better compete against Netflix, Amazon Prime Video and Disney+.
Dubbed Sky Studios Elstree, the facility would emerge as the European production base for Sky Studios and NBC Universal — corporate parent to Universal Pictures.
“This was an opportunity to build something brand new, state of the art and at scale,” Gary Davey, CEO of Sky Studios, said in a statement. “It is a big enough site to attract very high-end production in both TV and film from all over the world. We are going to fill this thing with projects of all kinds. It means a huge number of new jobs and new investment.”
Sky Studios has created several hits, including miniseries “Chernobyl” and “Patrick Melrose” for HBO, and the pending “The Third Day,” a six-part drama starring Jude Law co-produced by the WarnerMedia subsidiary.
Sky has said it plans to double spending on original content, reaching £1 billion ($1.3 billion) annually over the next five years.
Netflix earlier this year inked a long-term lease with Shepperton Studios to better produce original content across the studios’ 14 sound stages.
Disney then upped the ante, announcing it would lease legendary Pinewood Studios in Buckinghamshire, U.K. — production home to many James Bond movies.
“It’s wonderful to have Disney here at Pinewood. They’ve been making great films with us for many years and the fact they want to shoot so many more here is testimony not only to the quality of the teams and infrastructure at Pinewood, but also to the British film industry as a whole,” the studio said in a statement.