Research Guru / Moderator
Posted:
Jan 23, 2009, 12:27 PM
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Blue Sky Studios completes Connecticut relocation
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Animation producer Blue Sky Studios, a wholly owned subsidiary of Fox Filmed Entertainment, has entered into a lease to occupy about 105,000 square feet of studio space in Greenwich, Connecticut, bringing more than 300 jobs to the region.
The company continues to expand and is currently adding staff. The new studio will be located at The Greenwich American Center, facility of over 605,000 square feet facility set on 155 wooded acres in Greenwich.
The opportunity to re-establish the Blue Sky creative staff and crew of about 300 people on one contiguous floor, combined with what is one of the most competitive tax programs in the United States, made the selection of Connecticut the logical choice for Blue Sky Studios, the studio said.
"After conducting an extensive search throughout the tri-state region, Blue Sky settled on the Greenwich American Center. The available large and efficient studio space combined with the recently enacted production tax credit program introduced in January of 2007 made Connecticut the most attractive location for our new animation facility," said Fox Animation president Vanessa Morrison.
Under the new program, production companies are eligible for tax credits of up to 30% on production expenses or costs incurred within the state.
"We are very excited about the relocation of our studio and with it, the opportunity to conduct all of our operations on a single floor," said Brian Keane, Blue Sky's chief financial officer and chief operating officer. Over the course of eight years in its former location, Blue Sky has expanded from one floor to three floors scattered throughout the building.
"We're bringing more than 300 new jobs to the state as we continue to expand our studio in Connecticut," Keane added.
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"Oh boy." -- Allan Sherman
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