Dec 3, 2019
Sky to build huge new Elstree film studio
Media giant Sky is to build huge new studios near the existing Elstree site outside London, creating 2,000 jobs. Sky predicted up to £3bn would be invested in new production at the site over the next five years. The UK's film and television production sector has performed strongly in recent years. Sky Studios chief executive Gary Davies said the decision to build the studios was driven by customers' hunger for high quality original content. Sky spends £7bn annually on production in Europe, including football rights, and plans to double the amount it spends on making its own content to £1bn per year by 2024.
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