Warner Bros Discovery Says It Will Pay $8.5 Billion For Studios

Warner Bros Discovery (WBD.O), said on Tuesday it would spend at least $8.5 billion to produce movies and television shows at a new studio at Las Vegas in Nevada, if the state provides promised tax incentives.

The media giant is partnering with the University of Nevada, Las Vegas and family-owned real estate firm Birtcher Development to lease and operate a production facility that will be known as “Warner Bros. Studios Nevada”.

Read more at Reuters