Film producer Bradley Gallo discusses whether President Donald Trump’s tariff can revive the Hollywood film industry on “Varney & Co.”
Netflix cleared it on its “latest -model” studio, the East Coast Studio of $ 1 billion In New Jersey While President Donald Trump presses films in America.
Investment of $ 1 billion Netflix will Convert 292 Fort Montmouth army installation, to a studio of approximately 500,000 square feet.
The studio will have 12 advanced audio stages and areas dedicated to supporting the uses of films and community comfort, according to Netflix.
The project was announced in 2022, and the demolition is expected to take 13 months.
The new billion dollar Netflix studio has a $ 2028 new completion date. (Netflix)
Netflix expects the project to create about 1500 permanent production functions and more than 3,500 construction jobs. It is expected to end at some time in 2028.
Ted Sarandos, participating in Netflix, said the company is looking to invest more in American innovation.
Over the past four years, Netflix has contributed $ 125 billion in American economy “I rented more than 140,000 staff and crew members,” Sarandos said.
The governor of New Jersey Phil Murphy and Neviklex participating in Sarandos are ranging on a new studio in New Jersey. (Netflix / Fox News)
Los Angeles sees a continuous decrease in films and television production
The New Jersey Jersey, Jared Johnston, who appeared on Netflix and Apple TV projects, told Fox Business that the studio would be “great” for the industry.
Johnston said: “It will be great for our industry as long as local, state and federal governments are in turn to provide competitive tax exemptions to maintain production and thousands of federation functions that TV/movie creates here in the beautiful new studios that are being built as well as the studios that are already in force in the New York City area.”
The movie industry in America has become a priority for the Trump administration.
Earlier this month, Trump announced 100 % tariffs on foreign productive films.
President Donald Trump is looking to revive Hollywood and save him from “death is a very fast death.” (Joe Raedle / Getty Images / Getty Images)
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In a social publication of the truth, Trump wrote, “The movie industry in America is dying with very fast death. Other countries offer all types of incentives to attract filmmakers and our studios away from the United States.”
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