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flag Paramount Skydance leases 1.6M sq ft studio in NJ, boosting state’s film industry.

flag Paramount Skydance has signed a 10-year lease for 1888 Studios in Bayonne, New Jersey, a 1.6 million-square-foot production campus designed to evoke Golden Age Hollywood. flag The move, enabled by New Jersey’s reinstated film tax credits, marks a major boost for the state’s entertainment industry, which saw record $833 million in production spending in 2024. flag The project, developed by Togus Urban Renewal and built by union workers, is expected to create thousands of construction and permanent jobs, support local businesses, and help establish Hudson County as a self-sustaining creative hub. flag It joins other major studio developments in New Jersey, including a Lionsgate facility in Newark and a Netflix site at Fort Monmouth set to open in 2028. flag Governor Phil Murphy and local leaders hailed the development as a milestone in positioning New Jersey as a top U.S. production destination.

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