Netflix to expand UK studio home to James Bond and Marvel franchises

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Netflix

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is set to expand Longcross Studios’ production facilities in the UK thanks to a long-term deal that was signed on Monday with Aviva Investors, which is part of UK insurer Aviva.

In recent years, the studio has hosted mainstream franchises including James Bond, Marvel Cinematic Universe, and Star Wars.

The move reaffirms Netflix’s bold push into the UK with the streaming service’s plans to spend more than $ 1 billion in production funding this year in the country. Longcross and Shepperton Studios are now both under the Netflix banner with long-term leases.

Key quote

Anna Mallett, vice president of physical production for EMEA / UK at Netflix, said of the expansion: “We are delighted to announce the expansion of our production presence in the UK”

“Longcross’s new lease demonstrates our commitment to investing in the UK creative industry and will offer a wealth of production opportunities and jobs, from entry level to heads of departments. We’re excited to work with some of the best storytellers in the business to create amazing new movies and series for our members. “

Studio space in UK

Longcross has been in operation for 15 years now and has large sound stages on 72 acres of land ranging from 8,000 to 42,000 square feet.

Netflix’s commitment to the UK has manifested itself through several productions over the years, largely for the competitive 25% tax credit and the country’s reliable infrastructure. Many other incentives exist across the country around insurance and regional funds to help with production expenses.

Aviva Investors also acquired a significant stake in Longcross for $ 62 million, as Disney and Netflix compete for studios across the UK

The apparent and growing need for production stages across Great Britain and Northern Ireland foreshadows the intention of many productions to shoot there for many years to come.


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