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Warner Bros.' Big Spending Plans for a Nevada Studio Lot Complex Take Step Back

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The studio confirms it is no longer working with Birtcher Development on the 34-acre site that would feature film and television soundstages and an $8.5 billion production spend.
Warner Bros. Discovery has decided to scale back its ambitious plans for a new studio lot complex in Nevada, known as "The Ranch." Originally, the project was set to include 10 soundstages, a hotel, and a retail village, with an estimated cost of $500 million. However, due to financial considerations and a strategic shift towards cost-cutting, the company has decided to reduce the scope of the development. This decision comes amidst broader industry challenges, including the impact of the Hollywood strikes and a focus on reducing debt. The scaled-back version of The Ranch will still include some soundstages but will be significantly less expansive than initially planned. This move reflects Warner Bros. Discovery's broader strategy to manage expenses more tightly in an uncertain economic environment.

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[ https://www.msn.com/en-us/entertainment/movies/warner-bros-big-spending-plans-for-a-nevada-studio-lot-complex-take-step-back/ar-BB1rbpgF ]