Penzing Studios is in expansion mode and has begun filming and television at the former air base 30 km west of Munich.
The refurbished aircraft hangars already have a full-scale virtual production scene with additional sound scenes that will open in June, and major investments are planned.
The developers plan to invest an additional 100 million euros ($ 113 million) over the next three years to expand the facility to 12 sound scenes with 25,000 square meters of production space and 15,000 square meters of workshops and office space, the report said. on Monday. The new center will also house post-production, visual effects, games, digital media and technology companies, as well as educational opportunities. By 2025, this will provide more than 1,000 jobs.
Penzing Studios will be the world’s first zero-emission film studio. All structures added to existing facilities will use compacted earth and wood to create a sustainable working environment.
With the growth of content in the local language, the demand for studio space is growing. The content production boom will grow at double-digit rates over the next five years. Streaming companies are also increasing their budgets for local language content.
Although many studio initiatives have recently been announced in other countries, Germany’s offer has been limited to Bavaria Studios in Grunwald, Studio Babelsberg in Berlin and MCC in Cologne, and they are often filled.
“The supply still exceeds the demand for studio space, and there are transformational changes in the way film and television are created. We are at the forefront of these changes and strive to create a sustainable hub where creative people can thrive and do their best work. ” says Penzing Studios managing partner Jørn Siegele and producer and partner Joe Neurother, who filmed “Kung Rage II” with Michael Fassbender and Arnold Schwarzenegger and “Guns Akimbo” with Daniel Radcliffe.
“Productions that want to shoot in the region are often forced to move to other places due to the lack of modern and large-scale studio space. We are delighted with the launch of Penzing Studios and its thoughtful approach to future production. This allows us to offer incoming productions an attractive package with advanced digital studio capabilities created by a team of crews, attractive incentives and a desirable location for filming in the heart of Europe, ”added Bavarian Film Commissioner Anya Metzger.
A consortium of renowned German players is leading Penzing Studios to offer a full range of off-site production services.
Penzing Studios is already home to the first and Europe’s leading modern virtual production scene Hyperbowl.
Founded in March 2020, it is managed by one of the most experienced teams worldwide in this new field with more than 50 implemented projects.
In addition, on-site services include stage design and construction, transport, logistics, post-production, VFX and co-production services that assist production in obtaining incentives, including a 25% tax credit from DFFF and the Bavarian International Co-production Fund.