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1888 Studios Breaks Ground on New Jersey’s Largest Film & Television Production Campus

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1888 Studios Breaks Ground on New Jersey’s Largest Film & Television Production Campus
Business

Business

1888 Studios Breaks Ground on New Jersey’s Largest Film & Television Production Campus

2025-12-17 07:47 Last Updated At:16:12

BAYONNE, N.J.--(BUSINESS WIRE)--Dec 16, 2025--

1888 Studios today marked a milestone moment with the groundbreaking of its transformative film and television production campus, set to become the largest purpose-built facility of its kind in New Jersey – and one of the largest in the nation. The development is designed to meet the evolving needs of world-class filmmakers and storytellers, positioning New Jersey at the forefront of the global entertainment industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251216108761/en/

“Today marks more than a ceremonial groundbreaking. It is the realization of a bold vision to establish Bayonne as a global entertainment powerhouse in entertainment production – a place where the world’s greatest stories will be brought to life,” Arpad “Arki” Busson, Chairman, 1888 Studios, said in his remarks. “Created for movie makers by movie makers, 1888 Studios will be a world-class home for the industry’s greatest storytellers – offering scale, state-of-the-art technology, and a creative environment unlike any other.”

In his acknowledgements, Busson expressed immense gratitude for the dedication and relentless advocacy of the many partners and state and local leaders who made this milestone possible, including Governor Phil Murphy and First Lady Tammy Murphy, Senator Raj Mukherji (NJ-32), Assemblywoman Eliana Pintor-Marin (NJ-29), Hudson County Executive Craig Guy, Bayonne Mayor Jimmy Davis, New Jersey Economic Development Authority (NJEDA)’s Chief Executive Officer Tim Sullivan, and Head of Global Operations at Paramount, a Skydance Corporation, (“Paramount”) (NASDAQ: PSKY), Jose Turkienicz.

Busson concluded, “Together, we are positioning New Jersey as a cornerstone of global entertainment. As we break ground today, imagine what will rise here: a 58-acre film and TV production campus consisting of 23 state-of-the-art sound stages, a 22-acre water backlot, and over a million square feet where the next generation of iconic stories will be born.”

New Jersey Governor Phil Murphy took the stage to emphasize the project’s economic and cultural significance for the state. “As the birthplace of the motion picture industry, we couldn’t be more excited to celebrate the groundbreaking of 1888 Studios in Bayonne – a project that represents another chapter in world-class film and television production here in the Garden State.” Governor Murphy added, “With Paramount already committing to a multi-year, 285,000-square-foot lease, 1888 Studios will expand on New Jersey’s reputation as a premier creative hub on the East Coast and create new opportunities for our residents. This project will generate thousands of new jobs, support small businesses, spark economic growth in Hudson County, and bring creators and storytellers from around the globe to our communities.”

First Lady Tammy Murphy spoke to the collaborative spirit behind the project: “This is what we should be doing in New Jersey. We should share our incredible mountains, our wetlands, our beaches, our casinos, our cities. We got it all going on here, and everybody knows it, so why not bring film back? And boy, has it been an adventure. This has been a full team sport across our entire state. We are going places in New Jersey. But it's not because one person or two people tried to do something. It is a complete, non partisan — just ‘Jersey chutzpah’ — effort to say, ‘this is where you should be.’”

Paramount recently signed a landmark minimum 10-year lease agreement with 1888 Studios, committing to occupy more than 285,000 square feet of the facility and establishing a major production hub in New Jersey. Paramount’s commitment further cements the state as a premier destination for film and television production, backed by a leading tax incentive program.

Andy Gordon, Chief Strategy Officer and Chief Operating Officer of Paramount, said: “Today represents an exciting milestone as we deepen our investment in U.S. production, fuel the creative economy, and help bring jobs to New Jersey and the U.S. Thanks to the strong partnership between New Jersey, 1888 Studios and Paramount, we’re building a foundation to create stories that will resonate around the world, and we’re proud to contribute to a thriving ecosystem that supports jobs, opportunity, and world-class entertainment.”

“Today’s groundbreaking marks a new era in Bayonne, and we are excited for the film industry to plant roots here in this great city,” said NJEDA Chief Executive Officer Tim Sullivan. “1888 Studios will be a world-class studio campus with Paramount occupying more than 285,000 square feet of production space. 1888 and Paramount’s commitment to New Jersey exemplifies our position as a leader in film and television production and is a testament that our incentive program, revived and strengthened by Governor Murphy and the Legislature, is creating a welcoming environment for the film industry, leading to thousands of new jobs and a stronger economy across the state.”

Expected to attract marquee productions, generate thousands of jobs, and catalyze sustainable growth for the state’s entertainment sector, 1888 Studios continues to engage additional tenants and industry leaders to further strengthen the campus’ role as a hub for innovation and creativity and drive new opportunities for local talent, businesses, and the broader community.

About 1888 Studios
Blending New Jersey’s cinematic legacy with state-of-the-art facilities, 1888 Studios will be up to 1.6 million square-foot film and television studio development in Bayonne, poised to be the Northeast’s largest – and one of the largest in the nation – premier production campus, intentionally designed with superior infrastructure and support facilities to empower world-class creators. Uniquely located in Bayonne, NJ, less than 30 minutes from downtown Manhattan and unrivaled access by train, car, helicopter, and boat, 1888 Studios will sit in the core of one of the largest studio markets in the world, within the union-mandated 25-mile studio zone centered on Columbus Circle. Utilizing 1888 Studios’ all-inclusive facility will allow the world's most innovative creators to benefit from both its Film-Lease Partner Facility designation and the New Jersey expansive tax program – one of the leading programs in the world – creating cost-saving operational efficiencies that will result in a near-limitless canvas for creativity.

1888 Studios’ campus will fulfill the region’s pressing need for a purposefully built facility to house film and television under one roof, including the ability to power large-scale filmmaking technologies such as LED volume capture. The campus will be home to 23 state-of-the-art smart stages ranging from 18,000 square feet to 60,000 square feet with a minimum of 40-foot clear ceilings to the grid and catwalks. Further features include over 10 acres of basecamp parking, dedicated on-site five-story parking garage, a massive 22-acre water backlot privately owned by the studio, and conveniently located on-site industry vendors, including a dedicated lighting and grip facility. Created for movie makers by movie makers, 1888 Studios will provide a dynamic environment that puts the creatives at the forefront of all campus decision making, while providing unparalleled opportunities for cost-effectiveness.

For more information on 1888 Studios, visit https://1888studios.com.

L-R: Tim Sullivan, Flynn Busson, Jose Turkienicz, Tammy Murphy, Phil Murphy, Arki Busson, Craig Guy, Jimmy Davis, Raj Mukherji, Elliana Pintor-Marin; Courtesy of Ivan Piedra Photography

L-R: Tim Sullivan, Flynn Busson, Jose Turkienicz, Tammy Murphy, Phil Murphy, Arki Busson, Craig Guy, Jimmy Davis, Raj Mukherji, Elliana Pintor-Marin; Courtesy of Ivan Piedra Photography

L-R: Jimmy Davis, Flynn Busson, Tammy Murphy, Phil Murphy, Arki Busson; Courtesy of Ivan Piedra Photography

L-R: Jimmy Davis, Flynn Busson, Tammy Murphy, Phil Murphy, Arki Busson; Courtesy of Ivan Piedra Photography

L-R: Tim Sullivan, Flynn Busson, Jose Turkienicz, Tammy Murphy, Phil Murphy, Arki Busson, Craig Guy, Jimmy Davis, Raj Mukherji, Elliana Pintor-Marin; Courtesy of Ivan Piedra Photography

L-R: Tim Sullivan, Flynn Busson, Jose Turkienicz, Tammy Murphy, Phil Murphy, Arki Busson, Craig Guy, Jimmy Davis, Raj Mukherji, Elliana Pintor-Marin; Courtesy of Ivan Piedra Photography

LONDON--(BUSINESS WIRE)--Dec 17, 2025--

Nexo, the premier digital assets platform, has entered a landmark multi-year global partnership with Tennis Australia, becoming the Official Crypto Partner of the Australian Open and the Summer of Tennis, including the United Cup, Adelaide International, Brisbane International, and Hobart International. This agreement marks the first time a digital asset company has partnered with a Grand Slam tournament, affirming Nexo’s prestige, long-term vision, and leadership at the intersection of elite sport and digital assets.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251216497915/en/

Antoni Trenchev, Co-founder, Nexo, noted: “The Australian Open stands at the intersection of excellence and ambition – precisely where Nexo positions itself. Our partnership reflects a shared commitment to disciplined performance and long-term thinking. We are honored to join Tennis Australia in elevating the sport while showcasing the value of intelligent digital tools to a global audience.”

At the Australian Open, Nexo’s brand will take centre court through the Nexo Coaches Pod, with prominent branding on on-court coaching areas across Rod Laver Arena, Margaret Court Arena, John Cain Arena, and Kia Arena – highlighting the strategy, insight, and real-time decision-making behind elite performance.

“We’re excited to welcome Nexo to the Australian Open family,” Tennis Australia Chief Commercial Officer Cedric Cornelis said. As a brand built on innovation, expertise and next-generation thinking, Nexo is the first-ever crypto partner in Grand Slam history and is also a natural fit for the AO and our events across the Summer of Tennis.

“The Nexo Coaches Pod will shine a light on the strategy and teamwork at the heart of elite tennis on one of the sport’s biggest global stages. Together, we’re creating new ways for fans to connect with the game and the people behind it.”

As a global benchmark for foresight, the Australian Open’s innovative atmosphere aligns with Nexo’s commitment to technology-driven progress in today’s world. Meanwhile, in 2025 alone, Nexo became the Official Digital Wealth Platform of the DP World Tour, the Official Partner of the Acapulco Tennis Open, and the Official Crypto Partner of the Mifel Tennis Open.

About Nexo

Nexo is a premier digital assets platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 150 jurisdictions. With over $11 billion in AUM and over $371 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card, with product availability varying by jurisdiction. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.

Official website: nexo.com

About Tennis Australia

Tennis Australia is the governing body of tennis in Australia and the organizer of the Australian Open, one of the four Grand Slams and one of the world’s most prestigious annual sporting events. Renowned for its commitment to innovation, excellence, and global engagement, Tennis Australia delivers tournaments across the country that celebrate performance, integrity, and the advancement of the sport. With its future-focused approach and pioneering technologies, Tennis Australia continues to set new standards for fan experience, athlete performance, and event innovation.

Official website:tennis.com.au; https://ausopen.com/

Nexo Announces Landmark Crypto Partnership with Tennis Australia for Australian Open and Summer of Tennis

Nexo Announces Landmark Crypto Partnership with Tennis Australia for Australian Open and Summer of Tennis

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