Lionsgate to get tax breaks for high-priced talent at big studio planned in Newark

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Lionsgate to get tax breaks for high-priced talent at big studio planned in Newark
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The state Economic Development Authority named the distributor and production company a 'studio partner,' entitling it to millions of dollars in tax breaks.

A rendering of the film and television studio that officials said would be built in Newark's South Ward, which will be leased by Lions Gate Films Corp. The state awarded Lionsgate 'studio partner' status entitling it to tax credits to offset the cost of highly paid actors, director, writers and producers.Kevin Creech is no longer the aspiring model he was in his younger days.

But at 6-feet, 1-inch tall with rust-colored dreadlocks, the 43-year-old school security guard still cut a striking figure as he strode up Freylinghuysen Avenue in Newark, where the rubble of a demolished housing complex was being cleared away for construction of 350,000-square-foot, $194 millionIf you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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