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Reuters
Blackstone and Hudson Pacific plan $1 billion film studios in UK
U.S. firms Blackstone and Hudson Pacific Properties said they planned to create a major film, TV and digital production complex in Broxbourne, north of London, in the first overseas expansion of their Sunset Studios platform. Funds managed by the two companies had acquired a 91-acre site, 17 miles from central London, for 120 million pounds, they said on Sunday, adding that the total investment would be more than 700 million pounds ($975 million). Investment firm Blackstone last year bought a 49% stake in real estate company Hudson Pacific’s Hollywood media portfolio, comprising 35 sound stages and offices, including the facilities where hits “La La Land” and “When Harry Met Sally” were made.
