They will find no better place in Canada to do business and we are excited and confident in the future of Cinespace., Toronto Mayor John Tory added: "Toronto continues to be a leader in film and TV and that has been made possible through investments from leading companies who see the value and potential in our city and our residents. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. 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. Sign up for our free elert here. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. A federal appeals panel has ruled an Illinois state agency didn't violate . Cinespace Chicago Film Studio campus in North Lawndale. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Crains Chicago Business reported the sale price as $1.1 billion. 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.. News about the Studio and Production Facility Industry | Cinespace The Hollywood Reporter is a part of Penske Media Corporation. Consumer appetite for original content has accelerated through the pandemic, leading to a dramatic increase in the demand to produce new films and television and in turn, a surge in the need for studio space, Bantasz said. The Toronto studio launched in 1988. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. The Midwest's production hot spot recently added another 105,000 square foot industrial building near its main campus to expand its footprint and bring more stages online for the busy content creation industry. They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Every dime we make fundsreportingfrom Chicagos neighborhoods. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. Terms of the transaction were not disclosed. Sign up for our free elert here. //]]> Cinespace Chicago Film Studios is a family-owned company specializing in the development, management, and operation of studio space and support facilities for the film, television, and digital media production industry. 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. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Cinespace Studios Sold to Private Equity Firm | Chicago News | WTTW Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. 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. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. The family that owns the Cinespace soundstages where - Chicago Tribune 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. 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. "Jane has worked on the Cinespace lot for many years in several different roles and understands the needs of a production and the Chicago film and TV community," Egan says in a release. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Cinespace Chicago Film Studios | LinkedIn 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 also wanted to know or did we? Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. Cinespace announced in April plans to add 16 sound stages to its campus on the citys Southwest Side, with Pissios at the time telling Crains that the studio had to turn away projects, and that the expansion would add some 1,200 jobs in the local film industry. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. After a Covid-19 hiatus, Chicago's film industry is back up and running, with local film studio Cinespace Chicago adding more than 100,000 square feet of production space to keep up with demand. Polling Place: Is Patrick Kane the greatest Blackhawk ever. We are thrilled to have the opportunity to expand on their vision by building a best-in-class studio platform that serves the creator community and drives job growth in Toronto, Chicago, and beyond, said Jacob Muller, managing director at TPG Real Estate Partners. Jane Williamson joins Cinespace as Head of Studio Operations New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. 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. I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. With all precincts reporting, Monique Scott won 45.4 percent of the vote in a crowded field, while challenger Creative Scott had 12.6 percent. 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. The results of that poll, in a word: Oof. Cinespace furthers their vision to build a premier global production 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 Chicago's West Side. CineCares is how we support, promote, and engage local communities. 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 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. Our Locations Cinespace Chicago Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. One of the projects launched under Pissios tenure is a pipeline program called CineCares. Opinion | The Spectacular Fall of Lori Lightfoot - The New York Times Eastdil Secured provided financing advisory to TREP for the transaction. 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. A judge ordered Steven Montano, 18, to be held without bail at a Friday hearing as he faces a murder charge in the slaying of officer Andrs Mauricio Vsquez Lasso. 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. Chicago has a compelling, beautiful cityscape with so much potential. Chicago is not trying to be Hollywood. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. Clickhereto support Block Clubwith atax-deductible donation. What to eat. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visit ChicagoFilmStudios.com or CineCaresFoundation.org. CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. They have been the source of incredible Canadian content and a steady job creator for the City and Province. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. 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.. Box Office: Michael B. 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Studio Babelsberg Honored as Treasure of European Film Culture, Cinespace to Expand Production Infrastructure in Port Lands to Better Serve Toronto, Hollywoods Streaming Gold Rush Keeps Ontario Soundstages at Full Capacity, Cinespace Studios Announces Updates to Platform Following Annual General Meeting at Studio Babelsberg, Cinespace Names Andy Weltman Co-CEO of Legendary Studio Babelsberg, Illinois Shatters Record for Film Production Revenues at $630 Million in Economic Impact, Chicago Public Servant Michael Scott Jr. to Join Cinespace Studios as Director of Industry and Community Relations, Cinespace and York University Commit $3.12 Million to Motion Media Studio for Students, Illinois Film Production Tax Credit Expanded. To learn more, please refer to the cookie policy. You can accept the use of cookies or other identifiers by closing or clicking the accept button. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. At the Intersection of advertising, TV, film and production. Chicago is an entity of its own. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. Skip to content About Us Locations CinecaresNews Contact Log In Cinespace Chicago Cinespace Toronto For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. As a Cinespace executive, Pissios also wore a wire on former Teamsters boss John Coli Sr., who pleaded guilty to extorting more than $300,000 from the company to maintain labor peace at the studio. Carrie Austin Resigns from City Council After 29 Years in Office, Why Will County Residents Are Fighting a Major Logistics Hub and Why Backers Say Its Needed, Control of Chicago City Council Up for Grabs as Aldermanic Runoffs Loom. Zach Long. Egan and Gee are accomplished executives who have significant experience building and scaling businesses. 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. 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. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Every dime we make fundsreportingfrom Chicagos neighborhoods. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. Michael Scott Jr. (24th), on June 22, 2022. 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. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. 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 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 Welcomes New Productions, Expands Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. CHICAGO (CBS) --Ald. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative Sign up for our Eat. The story centers around four 12-year-old girls who deliver newspapers. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. Im around for six more months. After that, Alex and the other members of the family owned business will no longer be involved in the operation. I am thrilled to see this acquisition expand our capability for content creation and look forward to the jobs and productions it will bring to our region. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. . Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO The release does not mention any role for Cinespace President and CEO Alex Pissios, whose run as the head of Cinespaces Chicago operation has seen the company expand into the citys premier studio space and purportedly the largest film campus east of California. 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. Upon taking office, Quinns Republican successor Bruce Rauner, demanded Cinespace return the grant money following a Chicago Sun-Times investigation that showed that the parcels Cinespace had intended to buy were not for sale. Chicago Fire, Chicago P.D. and Chicago Med have been the longest tenants at Cinespace, which has over 2 million square feet of space and is located on the campus of the old Ryerson Steel Company on the citys West Side. Stay on top of the latest advertising, film, TV, entertainment and production news. The Midwests production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial building near its main campus to expand its footprint and bring more stages online for the busy content creation industry. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. We are thrilled to have the opportunity to expand on their vision by building a best-in-class studio platform that serves the creator community and drives job growth in Toronto, Chicago, and beyond, continued Jacob Muller, Managing Director at TREP. Sign up for THR news straight to your inbox every day. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. The story centers around four 12-year-old girls who deliver newspapers. The largest provider of sound stages and production support in the region, at 1.4 million square feet - with a total of 29 stages over three major campuses, including purpose built stages with 45 clear heights. [CDATA[ Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. The pop-up runs Friday through the end of March. 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. Got a story tip? TPGs investment will expand these efforts and provide more jobs for Illinois.. Cinespace, the studio that is home to Chicago-based film and TV productions including "Chicago Fire," has been sold to the real estate arm of TPG, a buyout firm based in Texas and California, the two companies announced Friday. Cinespace Chicago sells to Texas real estate company Block Club Chicago is a nonprofit news organization dedicated to . All Rights Reserved. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. The Midwest's production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial . Illinois has a 30% tax credit that. 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 [] The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. Cinespace Chicago specializes in the development, management and operation of studio facilities. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. An effort to help diversify TV and film crews, CineCares has created a meaningful (and paid) foot in the door for people of color. Cinespace Chicago specializes in . As part of Cinespace's commitment to the neighborhood, the family established CineCares Foundation to train and employ area residents through education and job training in TV & Film. media@tpg.com 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.. At the Intersection of advertising, TV, film and production. 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. General Inquiries 773.521.8000 studioinfo@cinespace.com 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. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Cinespace Studios Chicago and Toronto aquired by TPG Real Estate in $1 Monique Scott was sworn into City Council to replace her brother, former Ald. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Lightyearswill premiere exclusively on Amazon Prime Video. Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. The productions will bring more than 200 300 new jobs per show to the campus and play a vital role in resurrecting the television and film industry in Chicago. 2023 The Hollywood Reporter, LLC. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. When Hollywood comes to Chicago to film, they do it Chicago style. Cinespaces flagship studio campus on Kipling Avenue in Toronto has played host to shoots for Reign, Beauty and the Beast, Goon: Last of the Enforcers and 12 Monkeys. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. Information. This website uses cookies or other identifiers, which are necessary for its functioning. "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. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. NORTH LAWNDALE The film studio where Chicago Fire, Chicago PD, Chicago Med and The Chi are filmed is being sold for $1.1 billion and will stay in Chicago, according to published reports. 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. Today, TREP has $5.3 billion of assets under management. 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. (Colin Boyle/Block Club Chicago) Voters will decide who of the two contenders will take the 24th Ward's aldermanic seat in the April runoff after Monique L. Scott only secured . Much Shelist P.C. J.B. Pritzker said in the TPG statement. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. Egan most recently was head of production services at Netflix, and Gee was the CEO of Strive and CFO and president of LifeStorage, two former TREP portfolio companies. Keep up to date with our latest industry news, from across the world. Its how we build something beyond facilities, develop a stronger, more diverse workforce, broaden educational platforms, change the narrative behind the camera, and affect meaningful change to create a more vibrant industry. Detectives were questioning a person who was inside the home at the time. Keith Gee, of LifeStorage, will become another co-managing partner and CFO. Cinespace in North Lawndale has hosted filming for TV shows like Empire and Chicago Fire for the past few years, but the Southwest Side complex will start to look .
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