News Summary

• The studio will be located in the Teesside Freeport zone, and is expected to be first facility in the U.K. and Europe to be based inside a Freeport.
• Turnover XXV, which has a slate of productions it hopes to shoot in the new facility when it opens next year, says the studio is part of its mission to boost the film industry in the north-east.
• The news comes just weeks after it emerged that another studio development in the region, the $620 million Crown Works Studios, had stalled after losing a major investor.