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International Business Times
International Business Times
Business
Kiran Tom Sajan

Warner Bros. Eyes $8.5Bn Investment In Nevada If Film Tax Credit Is Expanded

Warner Bros. spends more than $20 billion annually on content around the globe (Credit: AFP)

Warner Bros. Discovery is planning a significant expansion into Southern Nevada, pledging an annual investment of $500 million toward film productions over the next 17 years through a film studio partnership with University of Nevada, Las Vegas (UNLV) and real estate firm Birtcher Development.

The ambitious project, however, hinges on the approval of a substantial increase in Nevada's film tax credit program by state lawmakers next year, according to Associated Press.

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