Business Irish

Sunday 21 October 2018

Expanded Troy Studios targets big TV deals

In the spotlight: Troy Studios CEO Siún Ní Raghallaigh and chairman Joe Devine are aiming for major expansion Photo: Sean Curtin/True Media
In the spotlight: Troy Studios CEO Siún Ní Raghallaigh and chairman Joe Devine are aiming for major expansion Photo: Sean Curtin/True Media

David Raleigh

TROY Studios in Limerick has announced plans to secure further major television or film productions from several of the world's major content streaming companies, according to company CEO Siún Ní Raghallaigh.

Management is now tendering to expand the facility's sound stage space from 70,000 sq ft to 100,000 sq ft, which will position Troy as "the largest international-standard film and TV studio in Ireland" and among the biggest in Europe.

Big budget US Syfy hit television series 'Nightflyers', produced by NBC Universal and aired on Netflix, recently completed nine months of filming at Troy, resulting in 320 direct jobs and a €53m boost to the local economy.

Ms Ní Raghallaigh confirmed Troy's representatives are "regularly meeting with all the major studios streamers such as Netflix, Amazon, and Apple TV" to generate further productions in Limerick.

Troy has a 350,000 sq ft creative hub in Castletroy close to the University of Limerick. It has received €6.5m in private investment to deliver on its first major contract with NBC Universal.

The investment for the proposed expansion is "commercially sensitive", Ms Ní Raghallaigh said.

"It it is a considerable investment, and what we're going to get from that is doubling the potential for inward investment in productions, and a doubling of jobs potential," she said.

According to Ms Ní Raghallaigh, the expansion of its sound stage facilities will allow Troy to sit down with the biggest players in the industry.

"Having a 100,000 sq ft stage screen space is a very significant place to be in this market. We would be in a position to have two 'Nightflyers' type projects running on at the same time, or a larger project running," she said.

Troy, added Ms Ní Raghallaigh, has "representation in Los Angeles, and in London, and we are always tracking all the projects that are happening globally, and we would regularly meet with all the major studios and streamers such as Netflix, Amazon, and Apple TV".

The "big business is in TV" including new productions for subscription-based platforms, she said.

Irish Independent

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