Netflix has broken ground on its $1 billion “state-of-the-art” East Coast studio in New Jersey as President Donald Trump pushes to have movies made in America.
The $1 billion investment by Netflix will transform Fort Monmouth’s 292-acre army installation into a nearly 500,000-square-foot studio.
The studio will feature 12 cutting-edge sound stages and areas dedicated to supporting film uses and community amenities, according to Netflix.
The project was announced in 2022, and demolition is expected to take 13 months.
Netflix expects the project to create an estimated 1,500 permanent production jobs and more than 3,500 construction-related jobs. It is expected to be finished sometime in 2028.
Ted Sarandos, co-CEO of Netflix, said the company is looking to invest even more in American innovation.
