By Adria Calatayud

Comcast Corp.'s (CMCSA) Sky plans to build a new television and movie studio in the U.K., creating more than 2,000 jobs and generating a 3 billion-pound ($3.88 billion) production investment over five years, the company said Tuesday.

The 32-acre site will be located in Elstree, just north of London, and is expected to open in 2022, Sky said. The investment will be made with the backing of Sky's owner Comcast and in partnership with its sister company NBCUniversal, it said.

Legal & General Group PLC (LGEN.LN) will develop the site and provide financing for the project, Sky said.

The studio develop will include production offices, a set-construction workshop, a screening cinema and post-production and digital facilities, Sky said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

December 03, 2019 06:47 ET (11:47 GMT)

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