Sky has announced its intention to invest in building a new 32-acre, state-of-the-art TV and film studio at Elstree, just north of London, home to the world-renowned Elstree Studios.
The ambitious plan will create over 2000 jobs and see an injection of over £3 billion of production investment in the UK’s creative economy over the first five year period.
The new studio will be called Sky Studios Elstree and will be located at Rowley Lane, just a short walk from Elstree Studios. It is set to become a leading European studio with 14 stages and cutting-edge tech. The proposed development represents a significant new investment in the UK and European creative economy and will be made with the backing of Sky’s new owner Comcast and in partnership with sister-company NBCUniversal. Legal & General will develop its site and provide financing for the project.
Subject to planning consent, the 32-acre development is expected to open in 2022 and will be able to facilitate the production of several films and TV shows simultaneously, with each of the 14 sound stages covering over 20,000 sqft. Once complete, the site will include production offices, a set construction workshop, a screening cinema and state-of-the-art post-production and digital facilities.
Jeremy Darroch, Group Chief Executive, Sky, said: “Sky Studios Elstree will play a pivotal role in bringing the wealth of UK and European talent and creativity to the world. We know our customers love our award-winning Sky Originals like Chernobyl and our investment in Sky Studios Elstree will enable us to bring more unique stories to more viewers. We are proud to be working with our colleagues at NBCUniversal and Comcast, and our partners Hertsmere Borough Council and L&G to bring this project to life. Together we share a joint vision to create a world-leading production capability that will support the creation of thousands of jobs in the creative sector. We can’t wait to get started.”