Hollywood studio has announced its Plans for a £700m “world-class” film and TV studios facility in the UK.

Owners of Sunset Studios in Los Angeles and an investment firm have bought a 91-acre site in Hertfordshire at £120m for the announced studio.

UK government has said it is “supporting” the development in the country.

The Secretary of State for Digital, Culture, Media and Sport, Oliver Dowden said, “This new studio is yet another vote of confidence in the UK’s booming film and TV industry.

“Through the British Film Commission, we’re supporting the development of stage spaces like this across the UK – boosting the local economy and backing our world-class creatives to make the next Bond blockbuster or bingeworthy box set.”

The work which is subject to planning permission is proposed to be built in Broxbourne.

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