05:14 AM EDT, 08/21/2024 (MT Newswires) -- Warner Bros. Discovery ( WBD ) plans to invest at least $8.5 billion in a new studio complex in Las Vegas, contingent on receiving promised tax incentives from the state, according to multiple media reports on Tuesday.

The new production facility, Warner Bros. Studios Nevada, will be developed in collaboration with the University of Nevada, Las Vegas, and the real estate firm Birtcher Development.

The studio will be situated on a 34-acre site within the University of Nevada's Harry Reid Research & Technology Park and will feature comprehensive film and television production facilities.

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