While Netflix is yet to officially enter negotiations to secure long-term studio space in the UK, the need for its own production hub is clear.
Netflix is targeting a permanent production base in the UK because a boom in demand for studio space is hindering plans to spend more of its $8bn (£6.1bn) annual production budget in Britain.
The UK film industry is also riding the crest of the production boom, with investment doubling to £2bn annually in less than a decade.
Netflix is one of many players, including Hollywood studios and TV companies such as the BBC and ITV, that are finding it increasingly difficult to book studio space, potentially costing the UK film and TV industry billions of pounds in lost bookings.