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Jack Reid

Warner Bros To Pay $8.5 Billion for Nevada Studio … Under One Condition

Water tower on Warner Bros. studio lot.

Warner Bros. Discovery announced plans Tuesday to purchase and operate an $8.5 billion film studio in Nevada, contingent on the successful passing of a state tax credit.

The global media company said the commitment is part of a long-term collaboration with the University of Nevada, Las Vegas and Birtcher Development.

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