NJ Spotlight News
Netflix’s planned studio expected to bring massive payout
Clip: 9/30/2025 | 1m 24sVideo has Closed Captions
Netflix applied for a Payment in Lieu of Taxes program
Eatontown could receive a massive $47 million payout under a new tax agreement with Netflix. Eatontown Mayor Anthony Talerico, Jr. announced last week that Netflix applied for a Payment in Lieu of Taxes program, otherwise known as PILOT, which means that in addition to this initial payout, the borough stands to receive annual payments over the next 30 years.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Netflix’s planned studio expected to bring massive payout
Clip: 9/30/2025 | 1m 24sVideo has Closed Captions
Eatontown could receive a massive $47 million payout under a new tax agreement with Netflix. Eatontown Mayor Anthony Talerico, Jr. announced last week that Netflix applied for a Payment in Lieu of Taxes program, otherwise known as PILOT, which means that in addition to this initial payout, the borough stands to receive annual payments over the next 30 years.
Problems playing video? | Closed Captioning Feedback
How to Watch NJ Spotlight News
NJ Spotlight News is available to stream on pbs.org and the free PBS App, available on iPhone, Apple TV, Android TV, Android smartphones, Amazon Fire TV, Amazon Fire Tablet, Roku, Samsung Smart TV, and Vizio.
Providing Support for PBS.org
Learn Moreabout PBS online sponsorshipIn our Spotlight on Business report tonight, the Jersey Shores Eatontown could receive a massive payout, $47 million to be exact, under a new tax agreement with Netflix.
Eatontown's mayor announced last week that Netflix applied for a Payment in Lieu of Taxes program, otherwise known as PILOT, which means that in addition to this initial payout, the borough stands to receive annual payments over the next 30 years.
Now, the streaming service recently secured final planning approvals for its studio campus at the former Army base, Fort Monmouth, and the Hollywood-style complex is expected to bring in significant economic growth to the region.
The borough plans to review the tax agreement during a council meeting on October 8th with construction slated to begin next year.
Support for the business report is provided by the Newark Alliance presents the 2025 Housy Fest featuring the vibrancy of Newark's Arts and Education District and Housy Street.
Housy, a neighborhood built on hustle and heart.
The 2025 Housy Fest schedule is available at housynwk.com.
[music]
- News and Public Affairs
Top journalists deliver compelling original analysis of the hour's headlines.
- News and Public Affairs
FRONTLINE is investigative journalism that questions, explains and changes our world.
Support for PBS provided by:
NJ Spotlight News is a local public television program presented by THIRTEEN PBS