A new movie studio is planned for the San Fernando Valley – Los Angeles Times

Sunset Glenoaks Studios will have seven soundstages for the production of movies and TV shows. Developers Hudson Pacific Properties Inc. and Blackstone said it will open in late 2023. The pair own Sunset Gower Studios, Sunset Bronson Studios and Sunset Las Palmas Studios. Surge in video-on-demand streaming provoked “insatiable appetite” for media-oriented real estate.

Sunset Glenoaks Studios will include offices with hillside views, a dedicated set- and prop-building space and parking for 450 cars. The project will cost as much as $190 million, and work is set to begin this year. Hudson Pacific and Blackstone’s Sunset Studios brand will have 42 soundstages. The Los Angeles area already ranks as the world’s leader in soundstage capacity with more than 5.2 million square feet of certified space. Local soundstages have remained leased during the pandemic; location shoots are mounting a comeback. New demand for big entertainment-related spaces comes from old-line entertainment companies and streaming services such as Netflix, Apple TV+ and HBO Max.

A new movie studio is planned for the San Fernando Valley  Los Angeles Times