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A major TV and film studio complex is to be built in Sunderland after the government confirmed a devolution package for the north east of England. Chancellor Jeremy Hunt announced a "trailblazer" deal, which will eventually unlock up to £120m towards the development of Crown Works Studios. Fulwell Cain - a joint venture between Fulwell 73 and Cain International - said it has raised £450m in private investment to pay for its construction. About 8,500 jobs are expected to be created by the development.