This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. Industry veteran Eoin Egan, who most recently was head of production services at Netflix, will join Cinespace as chief operating officer and a co-managing partner. media@tpg.com Subscribe:Sign up for our FREE e-lert here. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. Terms of the deal were not disclosed, but its understood from a source close to the transaction that the real estate equity investment arm of asset firm TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. They were among the real pioneers in building something special in our city - they have helped me champion the local industry and attract new jobs and investments here. Cinespace Chicago Film Studios, the second-largest film studio outside of Los Angeles in North America, is pleased to welcome several new productions to its growing campus as the Studios. Cinespace Chicago specializes in . Masking, social distancing, and capacity limits in public and workplaces continue to be enforced at Cinespace Chicago Film Studios for the health and safety of staff and all production workers. Forcewill follow Tommy Egan (Joseph Sikora) as he turns his back on New York and heads to Los Angeles through Chicago to take on the Irish mob. Separately, plans were announced in May for a $60 million soundstage project on the South Side spearheaded by film producer Derek Dudley and Loop Capital Chairman and CEO James Reynolds Jr. That studio, if it comes to fruition, will be called Regal Mile Studios and be located in the vicinity of South Stony Island Boulevard, East 77th Street and South Chicago Avenue. General Inquiries 773.521.8000 studioinfo@cinespace.com Cinespace intends to continue growing its studio base following the transaction. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Media Contact TPG, which also owns a majority stake in the Hollywood talent agency CAA, declined to confirm that figure when contacted by the Tribune. Cinespace intends to grow its employee base at each studio as a result of the transaction. Website. It was a stunning rebuke. I look forward to partnering with TPG to continue growing this critical industry and seeing what Illinois talent and infrastructure inspires in creatives across our state., Chicago Mayor Lori E. Lightfoot continued: "Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline Cinespace also has a significant presence in Toronto. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. I cringe when I hear our town referred to as Hollywood in Chicago. Keep up to date with our latest industry news, from across the world. Film production studio, which could create hundreds of jobs, eyed for Based on the comic book series by Brian K. Vaughan,Paper Girls is an Amazon series created by two studios, Legendary Television and Plan B, and written by Stephany Folsom, who previously worked onToy Story 4andThor: Ragnarok. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Jones Lang Lasalle served as financial advisor to TREP. Based on the comic book series by Brian K. Vaughan, Paper Girls is an Amazon series created by two studios, Legendary Television and Plan B, and written by Stephany Folsom, who previously worked on Toy Story 4 and Thor: Ragnarok. Last year, he secured $21 million in financing for the first phase of a $76 million project to develop property along Ogden Avenue with the CHA and other partners, a proposal Pissios filed while also negotiating his deal with federal prosecutors. At the Intersection of advertising, TV, film and production. CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. person to lead the city, failed to advance to a runoff, earning just 17 . Chicago is not trying to be Hollywood. Subscribe for full access to The Hollywood Reporter. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. Cinespace Chicago Entertainment | Film/Movies. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. One of the most storied studio complexes in the world, offering 21 sound stages rich in history, with vast production facilities and second-to-none production services that have been utilized by legendary filmmakers. //Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com Cinespace is up and rolling with 4 new series and more Reel Chicago News The film studio's sale is expected to accelerate the growth of Chicago's film industry and bring more production jobs to the area, new owners said. Key developments evolving in sale of Brauer Museum artwork by Valparaiso University, Its Chicagos fake birthday: Here are 30 essential foods and drinks to celebrate, from Rainbow Cone to Malrt, Carol Stream man, 35, dies in custody at Cook County Jail, officials say, Do Not Sell/Share My Personal Information. [CDATA[ Stay on top of the latest advertising, film, TV, entertainment and production news. 2621 West 15th Place Chicago, Illinois 60608 Recent News About Cinespace Chicago Appeals panel turns out lights on Chicago film studio's antitrust suit vs IL Film Office By Scott Holland | Friday, Oct 18, 2019 @ 12:27pm. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Cinespace Studios Sold for $1.1B to TPG Real Estate. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. This website uses cookies or other identifiers, which are necessary for its functioning. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. "We're really happy to have the industry back in action on our campus," said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. Cinespace Chicago Film Studios Welcomes New Productions, Expands According to the news release, TPG plans to expand upon the program, but did not provide further details. During the waning days of Gov. how interested you are in the Fire, whose season begins Saturday against New York City FC at Soldier Field. CineCares Foundation, which was founded by Cinespace Chicago, aims to provide job training and education in the TV and film industry to underserved communities. The story centers around four 12-year-old girls who deliver newspapers. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a streaming content boom. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. Egan and Gee are accomplished executives who have significant experience building and scaling businesses. Sign up for our free elert here. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. The comic book series will bring a lot of excitement to the small screen exploring everything from time travel between different centuries, future versions of characters, and the question of whether or not the past can or should be changed by time travelers. Illinois has a 30% tax credit that. From Road to Avonlea to Best Picture Oscar winner Chicago, Pompeii and The Strain, Cinespaces model of large, functional spaces and expert client service continues to make Toronto and Cinespace the premier destination for film and TV production in Canada. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. and Cassels Brock & Blackwell LLP served as legal counsel to Cinespace. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. Cinespace Chicago specializes in the development, management and operation of studio facilities, now home to the Dick Wolf One Chicago franchise of Chicago Fire, Med and P.D., The Chi, Lightyears,61stStreet,Power Book IV: Force, Paper Girls, South Side, andThe Big Leap. #mc_embed_signup{background:#fff; clear:left;width:100%;font-weight:normal;}, Beyond Chicago from the Air with Geoffrey Baer, The Great Chicago Fire: A Chicago Stories Special, Surviving R.Kelly: Final Installment Examines Trial and More Details, Chicago Film Critics Break Down Sight and Sounds New Greatest Films of All Time List, Actor and Director Isaiah Washington Brings New Film to Chicago, Starstruck Memories from Chicago International Film Festival Founder, New Chicago-Set Film Highlights Citys Street Art Scene, After Unexpected Death of Her Husband, Naperville Woman Plans to Finish His Documentary, Venus and Jupiter Will Be Side by Side in Wednesdays Night Sky. Thank you Alex for being the best ambassador this film community could ask for. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. Founded by the Mirkopoulos family in Toronto together with the Pissios family in Chicago, Cinespace specializes in the development, management, and operation of studio space and support facilities for the film, television, and digital media production industry. Cinespace Chicago Film Studios Being Sold For $1 Billion The two are not related. The studio was acquired by TPG Real Estate in a deal announced Friday. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. 19 talking about this. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. 3.6 million square feet. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Having Chicago as acritical link to providing not only quality entertainment, but also good-paying jobs in our community makes all the extra effort to help production companies keep filming worth it.. TPG is bullish on the Chicago film scene as well. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. You can accept the use of cookies or other identifiers by closing or clicking the accept button. For more information, visit www.tpg.com. 86 active stages. In true business news nerd fashion, I wanted to find a Valentine's Day angle . Email Newsroom@BlockClubChi.org. The family that owns the Cinespace soundstages where - Chicago Tribune The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. Subscribe to Block Club Chicago,an independent, 501(c)(3), journalist-run newsroom. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. News about Cinespace Chicago | Cook County Record Returning series filming at the Chicago campus include Chicago Fire, Season 9; Chicago P.D., Season 8; Chicago Med, Season 6; and The Chi, Season 4; South Side, Season 2; and The Big Leap. Cinespace Chicago Film Studios Welcomes New Productions, Sign up for our Eat. Alexander Pissios, President of Cinespace Chicago Film Studios joins Steve Bertrand on Chicago's Afternoon News to talk about his plan to expand its studios by 50% by the end of 2021. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. Jane Williamson joins Cinespace as Head of Studio Operations Federal authorities made secret recordings at Cinespace Chicago Film Studios as part of an investigation into a Teamsters union boss who last month was charged with extorting the business, the . Cinespace furthers their vision to build a premier global production Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 2023 The Hollywood Reporter, LLC. Cinespace Chicago Film Studios sprawling 60-acre campus is located on the West Side, with the main studios at 2621 W. 15th Place in North Lawndale. J.B. Pritzker said in the TPG statement. TPG is investing in two of the most stable and sought-after filming jurisdictions in the world, and we are excited to see Cinespaces continued growth and success with TPG.. The company launched in Toronto in 1988 and today operates 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios J.B. Pritzker. 1448 S Rockwell St Chicago, IL 60608 - Alquileres en Chicago, IL All Rights Reserved. Chicago has always been a major player in film and TV production, but truth be told, this family took it to a whole new level. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. Learn More Cinespace Toronto Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created, said Alex Pissios, president and CEO of Cinespace Chicago. //]]> I am thrilled to see this acquisition expand out capability for content creation and look forward to the jobs and productions it will bring to our region.. J.B. Pritzker welcomed Cinespaces new owners and said in a statement he was pleased the firm would expand the states capacity for television and media production will create opportunities for countless Illinoisans including the job training and apprenticeship programs that have been hallmarks of Cinespaces efforts in Illinois.. The deal, valued at $1 billion according to Crains Chicago Business, means the Pissios family of Chicago will no longer control the studio space they founded in 2011 with the aid of millions of dollars in state grants. Apartamentos.com cuenta con recorridos en 3D, videos en alta definicin, reseas y mucha ms informacin verificada que el resto de las pginas de alquileres. Launched in Chicago in 2010 by the Pissios family, Cinespace Chicago operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres near Douglass Park. He has the pedigree, too: his grandfather Bob was a left tackle and offensive captain on Packers teams that won five NFL championships from 1961-67. Polling Place: Is Patrick Kane the greatest Blackhawk ever. About Us Locations CineCares News Contact Cinespace Chicago Cinespace Toronto Studio Babelsberg Cinespace We're the perfect partner for your next production. Cinespace Chicago sells to Texas real estate company Contact | Cinespace Today, TREP has $5.3 billion of assets under management. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. The results of that poll, in a word: Oof. We also wanted to know or did we? TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. Since its inception in 2009, TREP has built a differentiated investment portfolio comprised primarily of real estate-rich platforms and portfolios located in the United States and Europe. Cinespace Studios, which helped spark a boom in movie and television production in Chicago, has been sold to a private equity firm that tapped a former Netflix executive to lead the operation on Chicagos West Side. The statement also includes praise from Mayor Lori Lightfoot and Gov. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visit ChicagoFilmStudios.com or CineCaresFoundation.org. Force is set on Chicago's South Side and stars Chicago Northwest Side native Joseph Sikora and also welcomes Anthony Fleming (Prison Break) and Lucien Cambric (Chicago PD) to the show. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. What you need to live your best life now. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. Cinespace Chicago Film Studios' sprawling 60-acre campus is located on the West Side, with the main studios at 2621 W. 15th Place in North [] Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. The combined Cinespace Chicago and Toronto film studios, founded by the Mirkopoulos and Pissios families, are the largest soundstage in the United States outside of Hollywood.
Devin Stone Legal Eagle Married,
Phil Ruffin Family,
Nicole Levy Swizz Beatz,
Articles C