Paramount signs 10-year lease at Bayonne production studio

Paramount Skydance signed a minimum 10-year lease at 1888 Studios, which is set to open in Bayonne by 2028. The production space is estimated at 58 acres, and Paramount will lease six acres. That will include 23 soundstages, postproduction suits, and offices. The N.J. Economic Development Authority also designated Paramount a studio partner under the state’s Film and Digital Media Tax Credit program. That makes Paramount eligible for a 40% base tax credit for production expenses on N.J. film and television projects.

From NJ Spotlight News.