LAS VEGAS, Nev. (FOX5) – Sony Pictures Entertainment and Warner Bros. Discovery announced Wednesday a joint venture to make the Summerlin Studios project a reality.
The project comprises 31 acres of land with a “world-class production facility” along with mixed-use development.
For this to happen, the companies will need to work with the Nevada Legislature on the passage and approval of Assembly Bill 238.
The bill will be revised to reflect this new partnership between the two industry titans.
Howard Hughes Holdings will partner with the major production studios to bring their visions to life.
“This is a game-changing partnership as two global industry titans have come together to facilitate a transformational project for the film industry and Nevada’s economic landscape,” said David O’Reilly, Chief Executive Officer of Howard Hughes. “Sony Pictures and Warner Bros.’ selection of Summerlin reflects the community’s infrastructure, amenities, safety, and community development expertise that are unrivaled in the state of Nevada. The new proposed legislation will create new high-paying jobs that will strengthen and diversify the state’s economy for generations to come.”
Under AB 238 film infrastructure transferable tax credits for Summerlin Studios would become available on July 1, 2028.
“We are the entertainment capital of the world, and there is no better example of that than this partnership between two of the world’s major film and television studios,” said Assembly Majority Leader Sandra Jauregui. “The investments Warner Bros. Discovery, Sony Pictures Entertainment and Howard Hughes expect to make, in terms of infrastructure, education and workforce development, could create nearly 18,000 jobs and produce a whole new industry in Nevada.”
AB 238 is scheduled for a hearing on Thursday, February 27, in the Assembly Revenue Committee.
“We are approaching this legislative session convinced now more than ever that expanding to Nevada provides us with our ideal third production hub, and we are committed to providing direct benefits to the state, educational programs and institutions, and the next generation of Nevadans looking to work in the thousands of different jobs needed to support a steady stream of productions,” said Warner Bros. Discovery CEO Simon Robinson.
“Along with Assembly Majority Leader Sandra Jauregui and Assembly Speaker Pro Tempore Daniele Monroe-Moreno, and our strong community partnerships, this unique and powerful collaboration will lay the foundation for a thriving film and television production industry in the Silver State,” explained Sony Pictures Entertainment Chairman Tony Vinciquerra.
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