Despite setbacks in the film industry, plans for studios in New Jersey and New York point to increased business for the region, according to a new research report.
“The rapid development of new soundstages in recent years alongside generous state incentives from New York and New Jersey has made the region one of the most competitive in the country for stage-based content production,” according to the “2026 Tri-State Film & Television Report” by CBRE Research.
The report acknowledges that production has slipped because of the pandemic, the 2023 Hollywood labor strike, and content cutbacks by domestic streaming services and studios. New challenges include a slow rebound for television and film employment, industry mergers, and a slowdown in streaming subscription growth.
Both New Jersey and New York are building production studios. Three of four studio construction projects are underway in New Jersey – Netflix in Fort Monmouth, Lionsgate in Newark and 1888 Studios in Bayonne. Netflix and Lionsgate are scheduled to open next year, and 1888 Studios the year after, according to the CBRE report…