LAS VEGAS, Nev. (FOX5) – Warner Bros. Discovery laid out its plans for the Southern Nevada studio project and its economic impact on the state.
The global media and entertainment company explained the potential to create higher-wage jobs to boost the state’s economy.
Officials report these plans would fall short without the film tax credit expansion. Once the bill is passed, the production company has committed $500 million to produce content in its first three years.
According to reports, WBD will partner with the University of Nevada to manage the “Warner Bros. Studios Nevada,”
MORE: Warner Bros. commits $8.5B to future Las Vegas film studio
“WBD’s economic study shows that the production credit program will result in $1.2 billion in on-going contributions to Nevada’s Gross State Product equaling $13.5 billion over 15 years,” said Warner Bros.
The plan detailed a studio attraction that will be included in the development in Las Vegas. They say would look similar to those that operate in Hollywood, London, and Tokyo.
“This is more than just a studio project for us—it’s a full-scale commitment to Nevada including film and TV production, tour attraction, screen tourism and education,” said Simon Robinson, Chief Operating Officer of Warner Bros. Studios. “We are excited to make southern Nevada our third global studio and to establish a lasting public-private partnership that benefits the state economy.”
According to the release, WBD will launch CREW HQ production training in 2025 to promote a community engagement and talent development program.
Construction is expected to take about three years.
WBD shared that Nordicity analyzed the potential economic impact of the Nevada studio.
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