Space may soon house a full-fledged TV and film studio, thanks to Space Entertainment Enterprise (S.E.E.).

According to The Hollywood Reporter (THR), the company that is co-producing Tom Cruise's upcoming space movie (which is set to be filmed in space), is intending to launch the studio by 2024, in addition to a streaming studio and sports arena.

The microgravity production broadcast module, named SEE-1, will be fitted to the Axiom Station, a commercial space station being made by Axiom Space and that will be attached to the International Space station prior to orbit.

“Creating a next generation entertainment venue in space opens countless doors to create incredible new content and make these dreams a reality," said Richard Johnston, COO of S.E.E.

The module is built with the intention of hosting film, music, television and sports events, in addition to artists and creatives seeking to create content in the environment, says THR.

S.E.E. partners, consultants and advisors consist of former HBO, Endemol, and Viacom executives, as well as investment bank GH Partners.

“SEE-1 is an incredible opportunity for humanity to move into a different realm and start an exciting new chapter in space,” said co-founders Elena and Dmitry Lesnevsky.

"It will provide a unique, and accessible home for boundless entertainment possibilities in a venue packed with innovative infrastructure which will unleash a new world of creativity. With worldwide leader Axiom Space building this cutting-edge, revolutionary facility, SEE-1 will provide not only the first, but also the supreme quality space structure enabling the expansion of the two trillion-dollar global entertainment industry into low-Earth orbit.”

Shooting movies in space is apparently the hot new trend. Tom Cruise was initially planning to be the first to do it, only for a Russian film crew to launch off to the ISS and beat him to it last October.

If this film studio does end up happening, it seems like it'll require a whole lot of time, money, and commitment. Besides, we've been enjoying space movies that haven't been filmed in space for decades now. And they've done just fine.