Record Invests $100 Million in New Studios

SÃO PAULO, October 31: Brazilian broadcaster Rede Record has announced plans to invest $100 million in the construction of two new 1,000-square-meter facilities.

One will serve as a post-production hub, and the other will house administration facilities, including restaurants, a library, a school and an auditorium, in Rio de Janeiro. Record currently has five studios at its RecNov site, but has been expanding its production output and requires additional facilities.

—By Mansha Daswani