Along with Howard Hughes Holdings, Sony Pictures Entertainment and Warner Bros. Discovery have announced plans for a 31-acre world-class production facility in Las Vegas.
Dependent on the passage and approval of Assembly Bill 238, a film studio tax credit legislation in Nevada, the venture is expected to create tens of thousands of new jobs and have an economic impact of more than $3 billion.
“We are excited to work with Sony Pictures and with Howard Hughes to bring large- and small-scale film and TV productions to Nevada,” said Simon Robinson, chief operating officer of Warner Bros. Discovery. “We are approaching this legislative session convinced now more than ever that expanding to Nevada provides us with our ideal third production hub, and we are committed to providing direct benefits to the state, educational programs and institutions, and the next generation of Nevadans looking to work in the thousands of different jobs needed to support a steady stream of productions.”
Sony Pictures Entertainment Chairman Tony Vinciquerra said, “We are thrilled to welcome Warner Bros. Discovery to our strong partnership with Howard Hughes as we join forces to establish critical, first-of-its-kind studio production infrastructure, and build and operate a new studio facility. Along with Assembly Majority Leader Sandra Jauregui and Assembly Speaker Pro Tempore Daniele Monroe-Moreno, and our strong community partnerships, this unique and powerful collaboration will lay the foundation for a thriving film and television production industry in the Silver State.”
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Part of a planned 100-acre mixed-use development, Summerlin Studios will feature an adjoining mixed-use commercial village.
If AB 238 passes, scheduled for a hearing on Thursday, film infrastructure transferable tax credits will be available for Summerlin by July 2028 if the project is completed by the time tax credits are earned and they have at least $400 in capital investments.
“No state is better suited for this partnership between Warner Bros. Discovery, Sony Pictures Entertainment and Howard Hughes,” said Assembly Speaker Pro Tempore Daniele Monroe-Moreno. “At a time when Nevada’s unemployment rate remains unacceptably high, and as we seek to diversify our economy so Nevadans can get back to work, we have an incredible opportunity to take a step forward and deliver on our commitment to build an economy that works for Nevada families.”
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