Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. Netflix launching a production hub in Toronto by locking up eight soundstages four each at Pinewood Toronto Studios and Cinespace Film Studios in turn sparked a local space race by Hollywood streaming giants scrambling for soundstages on which to create new high-quality film and TV content. The Hollywood Reporter is a part of Penske Media Corporation. Cinespace Studios Sold to Private Equity Firm | Chicago News | WTTW For more information, visit www.tpg.com. Chicago is not trying to be Hollywood. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. Lightyearswill premiere exclusively on Amazon Prime Video. ft. of what use to be the old Ryerson Steel Company. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Cinespace also has a significant presence in Toronto. media@tpg.com 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 acquisition is expected to accelerate the growth of Chicagos thriving film industry and bring more production jobs to the area, said Avi Banyasz, co-head of TPG Real Estate. "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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. 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. We have been studying the content creation and production landscape as an investment theme for a few years, and in that time have developed a relationship with the family behind Cinespace. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. #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. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com Cinespace Chicago Entertainment | Film/Movies. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Cinespace Chicago Film Studios Being Sold For $1 Billion Austin, Garfield Park, North Lawndale Cinespace Chicago Film Studios Being Sold For $1 Billion 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. Stay on top of the latest advertising, film, TV, entertainment and production news. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. With 42 sound stages on its 2.2 million square foot main campus in Chicago's North Lawndale neighborhood and additional studios at 31st and Kedzie, Cinespace is the largest film studio outside of California. their facilities, and in 2011, Cinespace Chicago Film Studios opened on the 70-acre site of the former Ryerson steel complex. When Hollywood comes to Chicago to film, they do it Chicago style. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. J.B. Pritzker said in the TPG statement. Got a story tip? Detectives were questioning a person who was inside the home at the time. 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. For 10 years, the majority of TV and movie projects in Chicago have been filmed at Cinespace Chicago Film Studios, the soundstage complex in North Lawndale. 86 active stages. Cinespace Chicago Film Studios | LinkedIn The story centers around four 12-year-old girls who deliver newspapers. General Inquiries 773.521.8000 studioinfo@cinespace.com Returning series filming at the Chicago campus includeChicago Fire, Season 9;Chicago P.D., Season 8;Chicago Med, Season 6; andThe Chi, Season 4; South Side, Season 2; andThe Big Leap. Productions ramped back up once the city reopened in June. 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. Keep up to date with our latest industry news, from across the world. Were really happy to have the industry back in action on our campus, said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Egan most recently served as Head of Production Services at Netflix, and Gee as the CEO of Strive and CFO and President of LifeStorage, two former TREP portfolio companies. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Real Estate Partners ("TREP"), the dedicated real estate equity investment platform of alternative asset firm TPG, today announced that it has acquired Cinespace Studios in Chicago and Toronto (Cinespace). Today, TREP has $5.3 billion of assets under management. Cinespace furthers their vision to build a premier global production platform Reel Chicago News Cinespace Studios announced a series of key leadership changes at Studio Babelsberg, a leading German film studio majority owned by Cinespace. Cinespace Studios announces that Jane Williamson will join the company as Head of Client Services & Studio Operations in Chicago.Nick Pissios will be leaving the position.. Jane was most recently Production Supervisor on season 2 of Lionsgate TV's Power Book IV: Force and Legendary Entertainment's Night Sky. Terms of the deal, and the purchase price, were not mentioned in the release. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Cinespace Studios in Chicago has 33 stages, with 15 more under development. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . Michael Scott Jr. (24th), on June 22, 2022. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Keep up to date with our latest industry news, from across the world. Cinespace intends to grow its employee base at each studio as a result of the transaction. Cinespace Chicago Film Studios welcomes several new productions to its growing campus.. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities.. Cinespace sold to buyout firm in deal reportedly worth $1 billion 3.6 million square feet. Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Our clients create groundbreaking films and television. 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 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. To learn more, please refer to the cookie policy. Cinespace Chicago Film Studios | Chicago IL - Facebook 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 continue to strictly follow health and safety best practices from the CDC and Illinois Guidance. Thank you Alex for being the best ambassador this film community could ask for. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Cinespace Toronto VP Jim Mirkopoulos added, The family is incredibly proud of our track record catalyzing economic activity and jobs in Ontario and Illinois, inspiring countless York University and DePaul University film students, and providing the best possible spaces and services to our clients, including for many award-winning projects.

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