NEW YORK (1010 WINS) — Netflix is close to a deal to build a production studio about 50 miles south of New York City on the Jersey Shore.
listen to 1010 wins
The company has been selected as the top bidder for a 300-acre parcel of land occupied by a former Army base on the site of Fort Monmouth, in the boroughs of Oceanport and Eatontown, sources told the New York Times.
The streaming giant still has to contend with more approvals, and the economic terms of the deal are not final, according to the report.
"If our plans are approved, we hope to build a facility that will create significant economic impact and job growth for New Jersey, a state loaded with creative talent and technical expertise," the company said in a statement.
Gov. Phil Murphy is also in favor of the deal.
"We are thrilled to hear that Netflix is interested in establishing a serious presence in New Jersey and look forward to working with them and the rest of the industry to create good-paying jobs and spur economic growth throughout the state," Murphy said in a statement.
Netflix's efforts to acquire the land have reportedly continued despite its losses in subscribers and share price this year.
Related
Related
