{"id":83512,"date":"2024-08-20T19:26:48","date_gmt":"2024-08-20T19:26:48","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/08\/20\/warner-bros-pledges-8-5b-to-build-las-vegas-movie-studio\/"},"modified":"2024-08-20T19:26:48","modified_gmt":"2024-08-20T19:26:48","slug":"warner-bros-pledges-8-5b-to-build-las-vegas-movie-studio","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/08\/20\/warner-bros-pledges-8-5b-to-build-las-vegas-movie-studio\/","title":{"rendered":"Warner Bros. Pledges $8.5B to Build Las Vegas Movie Studio"},"content":{"rendered":"


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\n Posted on: August 20, 2024, 02:09h.\u00a0\n <\/p>\n

\n Last updated on: August 20, 2024, 02:09h.\n <\/p>\n

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Warner Bros. Discovery (WBD) announced Tuesday that it will commit $8.5 billion to partner with UNLV to lease and operate a Nevada movie and TV studio built by Birtcher Development. However, the LA-based studio\u2019s commitment depends on a film tax credit bill passing the Nevada Legislature.<\/p>\n

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AI renders an image of the Hollywood sign in Las Vegas. (Image: ChatGPT)<\/figcaption><\/figure>\n

The Nevada Film Studio Infrastructure Act was introduced and authored by State Senator Roberta Lange (D-LV) during the 2023 legislative session. However, it failed to pass on June 6, 2023. It is expected to be reintroduced in February 2025.<\/p>\n

\u201cWhen talking with citizens we hear repeatedly that we need to further diversify our Southern Nevada economy and at the same time commit the resources to develop our workforce,\u201d Sen. Lange said in a press release. \u201cThese are top priorities for us all, and I can proudly say my legislation accomplishes both.\u201d<\/p>\n

SB 496 proposes up to $190 million in annual, transferable tax credits for film and TV production over more than two decades, far exceeding the state\u2019s past use of transferable tax credits. Though these credits could cost the state $2 billion, the bill\u2019s supporters argue they could earn as much as $55 billion in revenue over the next 20 years.<\/p>\n

Cinema City?<\/h2>\n
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Warner Bros. Studios, shown, may import its Hollywood rivalry with Sony Pictures Entertainment to Las Vegas, where both have committed money to operating film\/TV studios. (Image: Wikipedia)<\/figcaption><\/figure>\n

Warner Bros. Studios Nevada \u2014 which the press release says will \u201cfeature full-service film and television studios and other facilities designed to capitalize on emerging technologies related to WBD\u2019s content creation\u201d \u2014 would be located at UNLV\u2019s Harry Reid Research & Technology Park in Las Vegas. Here, it will establish the Nevada Media and Technology Lab for use by the university\u2019s film department.<\/p>\n

\u201cIt\u2019s safe to say that having a lead partner with the depth of Warner Bros. and its ability to keep the studios full starting from Day One is a key difference maker and enables us to successfully meet these two priorities,\u201d Lange said.<\/p>\n

Previously, it was WBD rival Sony Pictures Entertainment that expressed interest<\/a> in partnering with UNLV and Birtcher. However, Sony instead joined forces with the Howard Hughes Corporation for a competing $1.8 billion motion picture studio project, proposed for 30 acres in the Las Vegas suburb of Summerlin.<\/p>\n

In March, the Clark County Zoning Commission voted unanimously<\/a> to support that project.<\/p>\n<\/div>\n


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Posted on: August 20, 2024, 02:09h.\u00a0 Last updated on: August 20, 2024, 02:09h. Warner Bros. Discovery (WBD) announced Tuesday that it will commit $8.5 billion<\/p>\n","protected":false},"author":1,"featured_media":83513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[158],"tags":[],"class_list":["post-83512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/83512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=83512"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/83512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/83513"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=83512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=83512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=83512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}