<\/p>\n
Paramount is coming to New Jersey, a move meant to capitalize on the state\u2019s generous subsidies to Hollywood.<\/p>\n
Under a ten-year lease, Paramount will occupy more than 285,000 square feet of 1888 Studios\u2019 sprawling production campus in Bayonne,\u00a0New Jersey. By partnering with 1888, Paramount will be eligible to receive a tax credit of up to 40 percent for movies and TV shows filmed in the state if its application is approved.<\/p>\n
More from The Hollywood Reporter<\/strong><\/p>\n In a statement, Paramount chief operating officer Andy Gordon said scaling production is \u201ccentral to our long-term strategy.\u201d<\/p>\n The move comes amid New Jersey\u2019s rapid rise as a production hotspot. It\u2019s slated to be Netflix\u2019s next big base, with the company breaking ground earlier this year to redevelop hundreds of acres for a massive $848 million production facility.<\/p>\n Under development by Togus Urban Renewal, 1888\u2019s 58-acre facility will offer over 1.1 million square feet of production space across 23 sound stages, all of which will have 40-foot ceilings, support and postproduction space, offices and a backlot, among other things. Paramount will be an anchor tenant.<\/p>\n \u201cThanks to highly competitive tax credit programs like New Jersey\u2019s, the tri-state area is more attractive than ever before for production as we work together to create new jobs and empower more domestic production for America\u2019s creative workforce,\u201d Gordon said.<\/p>\n Under the state\u2019s film and TV tax incentive program, productions are typically eligible for a subsidy of up to 35 percent of qualifying costs. It has a special partnership program for studio and film lease partners that bumps the credit up an extra five percent, making it among the most competitive incentives in the world. There can only be three such designations, which require a link to a large-scale infrastructure commitment. Paramount plans to bring its application later this week.<\/p>\n \u201cParamount\u2019s\u00a0expansion into New Jersey, utilizing 1888 Studios\u2019 large-scale, full-service production campus in Bayonne, reflects the incredible momentum of our state\u2019s creative sector, solidifying our reputation as a global powerhouse in the entertainment industry,\u201d\u00a0said Gov. Phil Murphy in a statement.<\/p>\n Best of The Hollywood Reporter<\/strong><\/p>\n Sign up for THR’s Newsletter<\/a>. For the latest news, follow us on Facebook<\/a>, Twitter<\/a>, and Instagram<\/a>.<\/p>\n<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Paramount is coming to New Jersey, a move meant to capitalize on the state\u2019s generous subsidies to Hollywood. Under a ten-year lease, Paramount will occupy more than 285,000 square feet of 1888 Studios\u2019 sprawling production campus in Bayonne,\u00a0New Jersey. By partnering with 1888, Paramount will be eligible to receive a tax credit of up to […]<\/p>\n","protected":false},"author":2,"featured_media":2121410,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[402731,402732,34395,23360,309230,402733],"class_list":["post-2121409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-andy-gordon","tag-bayonne","tag-hollywood-reporter","tag-new-jersey","tag-paramount","tag-production-space"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/10\/Paramount-to-Occupy-Massive-New-Jersey-Production-Campus.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2121409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2121409"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2121409\/revisions"}],"predecessor-version":[{"id":2121411,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2121409\/revisions\/2121411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2121410"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2121409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2121409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2121409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}