French insurance company AXA has announced plans to expand film studio Bry-sur Marne outside Paris after agreeing a deal to acquire the facility.
The facility currently provides 5,600 square metres of studio space across eight stages, as well as production accommodation of 20,000 sqm.
“This was a rare opportunity to acquire one of the largest studios in France, close to Paris’ city centre, with good infrastructure and the option to extend the premises to meet rapidly growing demand,” said John O’Driscoll, global co-head of real estate AXA IM Alts in a statement.
“The investment also aligns with our purpose to deliver long-term value to clients; consolidated sites such as Bry-sur-Marne, which can house the entire content production ecosystem, are essential in accelerating the decarbonisation of the film industry. We have ambitions to significantly scale our studios real estate platform.”
It’s believed AXA wants to expand the studios in order to make it one of the biggest in Europe, rivalling similar facilities in the UK.
Bry-sur Marne Studios’ recent credits include Marie Antoinette, Hunger Games and Astérix And Obélix: The Middle Kingdom.