Netflix marked the closing of its purchase of the Mega Parcel at Fort Monmouth on January 12, 2026, at a ceremony in Oceanport, New Jersey. The site becomes Netflix Studios Fort Monmouth, and the company has committed to investing $1 billion transforming the 292-acre former US Army installation into an East Coast production hub.
What $1 billion is meant to build
The plan centres on 12 soundstages totalling nearly 500,000 square feet, alongside areas dedicated to supporting film uses and a range of community amenities. That stage count and floor area are the most concrete commitments in the announcement, and they are the figures against which the project's progress can later be measured.
Construction is already underway, which moves the project past the announcement stage it occupied when Netflix first set out its plans for the site in 2022. Governor Phil Murphy's framing at the ceremony was that the studio is no longer a promise but something taking shape.
The employment claims need separating
Two different numbers appear in the announcement and they measure different things. Murphy said the campus will generate thousands of jobs — a projection about a facility that is not yet built. Separately, Netflix co-CEO Ted Sarandos said the company was shooting two films in New Jersey at the time, employing over 500 people in front of and behind the cameras.
Only the second is a current figure, and it describes production activity in the state rather than employment at Fort Monmouth. The announcement does not break the projected jobs into construction against permanent roles, or attach a timeline to them.
Who was in the room
Sarandos appeared alongside Governor Murphy, First Lady Tammy Murphy and Governor-elect Mikie Sherrill, with Monmouth County Commissioner Tom Arnone, Eatontown Mayor Anthony Talerico Jr. and Oceanport Mayor Thomas Tvrdik also attending. Sarandos credited cooperation across the Trump Administration, the US Army Corps of Engineers and the Eatontown and Oceanport fire departments — a reminder that redeveloping a former military installation runs through more approval layers than a commercial site.
No completion date for the campus appears in the announcement. NexusGG has not visited the site and is reporting the stated investment and plan rather than verifying construction progress.
