Paramount has secured a 10-year lease for a significant amount of studio space in New Jersey, joining Netflix and Lionsgate in expanding their presence in the state. The studio will be housed in 1888 Studios, a massive film and TV production campus in Bayonne, NJ, set to be the largest facility in the Northeast.

Occupying 285,000 square feet within the campus, Paramount’s move signifies the growing appeal of New Jersey as an East Coast production hub. The state’s lucrative production tax credit program, offering up to 40 percent in tax credits, has attracted major studios like Paramount, with Governor Phil Murphy highlighting the state’s rise as an entertainment industry powerhouse.

Paramount’s Chief Strategy Officer, Andy Gordon, emphasized the importance of cost-effective production and expanding their content slate in this move. With New Jersey’s rich film history and accessible location near Manhattan, the state is regaining prominence as a filming destination, with 1888 Studios symbolizing this resurgence.

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