Sunset Studios’ Ambitious Plans for Film Complex in the UK Encounter Setback
Ambitious plans for a 91-acre film and TV soundstage complex outside of London, branded as a significant venture for Sunset Studios beyond U.S. borders, have officially been shelved. This development comes as a blow to industry expectations, especially during a time when the demand for streaming content saw explosive growth.
Background: An Unfolding Vision
Initially announced in 2021, the Sunset Waltham Cross Studios project was projected to open its doors in 2026. Hudson Pacific’s CEO Victor Coleman expressed confidence, stating that construction could commence in 2022. However, a significant reduction in spending by leading studios has prompted a re-evaluation of such ambitious projects, emphasizing cost-cutting and profitability over expansion.
Disappointment from Local Leaders
Mark Mills-Bishop, the leader of Broxbourne Council, conveyed his disappointment at the project’s halt on March 17. He declared, “I am extremely disappointed to learn that the planned Sunset Studios facility will now not proceed. It is my understanding that the market conditions are currently not favorable for new film studios across the UK.” This sentiment was echoed in an official statement from Hudson Pacific and Blackstone, highlighting the challenges posed by current market conditions.
Project Specifications and Economic Impact
Set to be located just 17 miles north of central London, the proposed complex included 1.2 million square feet dedicated to production, which would encompass 21 soundstages and adjacent facilities, including production offices, a theater, and a 7-acre backlot. The paused project was one of several strategic investments made by Hudson Pacific since Blackstone acquired a 49% stake in the company’s Hollywood Media Portfolio back in 2020. This portfolio includes Sunset Bronson Studios in Los Angeles, which Netflix currently leases.
Industry Context: Strikes and Budget Concerns
Further complicating the landscape were the writers’ and actors’ strikes that coincided with a broader trend of studios slashing production budgets and limiting the output of films and series. On a February 20 earnings call, Coleman indicated that these “austerity”measures might be starting to ease, as major streaming platforms including Disney, Warner Bros. Discovery, and Paramount demonstrate paths to profitability.
Future Developments and Current Operations
Currently, Hudson Pacific operates 56 film and television stages and is also developing the Sunset Pier 94 Studios complex in New York, which Coleman confirmed is progressing on schedule and within budget. He reported that, “Structural components are complete, exterior skin and roofing are nearly finished, and the work is shifting to interior mechanical systems and build-out.”
While the Sunset Waltham Cross Studios project may be delayed, the overall trend in the film and television industry continues to evolve as it adapts to changing economic conditions and audience needs.