Following backing from new owners Comcast, the new Sky Studios plans to more than double from the current level over the next five years. It will also defend the broadcaster against the likes of Netflix and Amazon Prime.
The announcement comes after the recent smash hit success of Chernobyl, now the most successful Sky original production ever.
There has also been European success through productions including Das Boot and Gomorrah.
Jeremy Darroch, Group Chief Executive, Sky, said: “This is a transformational development for us. Sky Studios will drive our vision to be the leading force in European content development and production. Our ambition is to make Sky Studios famous for quality content and a place where Europe’s top creatives will want to do their best work.
Production will begin next month on Sky Studios’ first international project, a 6-part drama called The Third Day, a co-production with HBO and starring Jude Law.
Sky Studios will be led by Gary Davey, CEO, who is currently Sky UK’s Managing Director of Content.