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Blackhall Studios to build film studio in UK

Atlanta-based company Blackhall Studios plans to build a £150 million film studio in Reading, U.K.

The facility, Blackhall's first outside the U.S., would be constructed at the Thames Valley Science Park, which is owned by the University of Reading. The university will consult local residents and other stakeholders on the proposal's details.

The studio is expected to boost Britain's film production capacity, while contributing £500 million per year to the U.K. economy. It could create up to 3,000 local jobs, including 1,500 workers across set-building, digital and physical film production roles.

Blackhall's U.S. studio hosted production for hit movies such as Columbia Pictures' "Venom" and "Jumanji: The Next Level," as well as Warner Bros. Pictures Inc.'s "Godzilla: King of the Monsters."

The planned investment came several months after Netflix Inc. announced it will spend more on U.K.-made content in 2020. The streaming company is reportedly taking over all of Pinewood Studios Ltd.'s Shepperton Studios to cope with the production boost.

Sony Corp. owns Columbia Pictures. Warner Bros. is a unit of AT&T Inc.'s Warner Media LLC.