The news came the same day Netflix announced its purchase of Warner Bros.
Published: Dec. 06, 2025, 7:15 p.m.Netflix capped a blockbuster day Friday with two major deals, including the purchase of the former Fort Monmouth property where it plans to build a sprawling “With this acquisition, we are excited to move forward with Netflix Studios Fort Monmouth—a state-of-the-art production facility that will bring new jobs and economic opportunities to New Jersey," Anne Kelly, Netflix’s Vice President of Studio Management & Services said in a statement.
Netflix’s Fort Monmouth studio has been years in the making, requiring approvals from officials in Oceanport and Eatontown. The 289-acre complex will span both boroughs. Eatontown Mayor Anthony Talerico expressed his appreciation to members of the Fort Monmouth Economic Revitalization Authority, which is tasked with marketing and selling parcels of the former fort, for their efforts in bringing the deal to fruition. “I am thankful for the tireless efforts of the FMERA staff for all of the work behind the scenes, much of which no one will ever know, to bring this project to this point,”from the Asbury Park Press, broken down between a $47M purchase price, a $5M utility contribution and a $3M relocation fee. The studio campus will feature 12 soundstages totaling nearly 500,000 square feet, production and office buildings, a cafeteria, retail shops, trailer parks for crews, a theater, a hotel and visitor attractions. The first phase of the project was approved last year by Oceanport and will be located on the former fort’sofficials in September. It is the largest portion of the project and will feature eight additional soundstages up to 70 feet tall, along with production offices and a public plaza.on the first phase of the project began in May, with construction on the final section expected to start in 2026 and wrap up by 2028. With construction underway, both Oceanport and Eatontown have entered into tax agreements with Netflix, guaranteeing millions in annual revenue through a payment-in-lieu-of-taxes program, known as a PILOT, over the next three decades.for the second phase of the studio project, including an immediate $47 million payment that borough officials said could fund long-needed improvements to roads, sewers and public facilities. Kelly thanked local officials as well as Gov. Phil Murphy and his administration for helping bring the project to life. “While there is still work ahead before we open our doors, we look forward to continuing our close partnership with this remarkable community as we transform this historic site into a world-class studio and vibrant community hub,” Kelly said.I have been a reporter from NJ.com since March 2018 and have worked the night shift since that time. I focus on writing breaking and trending news stories. Before joining NJ Advance Media, I worked at a small...
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