Fresh off a film studio groundbreaking in Newark, Governor Murphy today announced the start of construction for yet another major production studio.

This one is in Bayonne.

It's called 1888 Studios.

Once complete, it'll be a 58-acre film and TV production campus, solidifying the Garden State as a hub in the industry, with Paramount, a Skydance corporation, signing a 10-year lease as the anchor of the property.

State officials say it's set to become the largest facility of its kind in the Northeast and one of the largest in the nation.

Today's groundbreaking comes less than two weeks after Netflix officially closed the deal to buy the former Fort Monmouth property, where it plans to build a sprawling new mega-studio.

That move, of course, has been years in the making, and just days after the Lionsgate-Newark groundbreaking, which was the state's first studio partner, signing on back in 2022.

The partnerships come thanks to an expanded tax credit program under the New Jersey Economic Development Authority, which allows the three studio partners to take advantage of an up to 40% tax break on qualified production expenses for future projects made in the state and is projected to generate hundreds of millions in revenue.

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