ATLANTA, US-based firm Blackhall Studios would invest £150 million to build a state-of-the-art film studio in Reading, UK, their first outside of the US.
The investment is expected to create 3,000 jobs in the local area.
Upon completion, it will be the largest film studios in the UK and will contribute £500 million to the UK economy per year.
"We are excited to be establishing a base in the UK. Blackhall is the global standard for entertainment production space and our US-based clients like Disney, Universal and Sony are all asking us to expand into the UK to meet their desire to create productions here," said Ryan Millsap, Chairman and CEO of Blackhall.
"The UK has a wealth of talent that our UK companies recognise and want to partner with for decades to come."
The new studio is expected to be built at the Thames Valley Science Park, which is owned by the University of Reading.
Warner Bros, Sony and HBO have all filmed productions in Blackhall’s US studio. The prominent films are Venom, Jumanji: The Next Level and Godzilla: King of the Monsters.
"The UK and the US are each other’s largest investors, and this announcement demonstrates the strength of our trading relationship, which benefits all sectors and regions in the UK," said Secretary of State for International Trade Liz Truss MP.
"I look forward to negotiating and signing a new ambitious free trade agreement with the US, to ensure we can continue to deepen our trading relationship and grow our creative industries."
The incident occurred on the same day Labour leader Sir Keir Starmer addressed the audience at London Tech WeekGetty Images
The business was started by Sir Anwar Pervez.getty images