Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. 1448 S Rockwell St Chicago, IL 60608 - Alquileres en Chicago, IL Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. person to lead the city, failed to advance to a runoff, earning just 17 . Monique Scott needed more than 50 percent of the vote to avoid a runoff. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. 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. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO Cinespace also has a significant presence in Toronto. You can accept the use of cookies or other identifiers by closing or clicking the accept button. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. Learn More Cinespace Toronto Mirkopoulos and Pissios, with help from Coli and Teamsters lobbyists, were able to secure millions in state funds to acquire the 60-acre site of the former Ryerson Steel and convert it into studio space. Every dime we make fundsreportingfrom Chicagos neighborhoods. Detectives were questioning a person who was inside the home at the time. 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. CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! The Toronto studio launched in 1988. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. Terms of the transaction were not disclosed. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. how interested you are in the Fire, whose season begins Saturday against New York City FC at Soldier Field. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Sign up for our Eat. 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. It was a stunning rebuke. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. 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. Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. 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 shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. TPGs investment will expand these efforts and provide more jobs for Illinois, one of the many reasons why we feel they are the right fit to take on the business.. Ashlee Rezin Garcia / Sun-Times Alexander S. Pissios, president of Chicago's largest movie studio, had gone bankrupt but was still more than $1 million in debt when federal agents showed up three years ago. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. 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 . Jane Williamson joins Cinespace as Head of Studio Operations ft. of what use to be the old Ryerson Steel Company. Cinespace Studios Chicago and Toronto aquired by TPG Real Estate in $1 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. 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. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. 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. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. Your fullest creative potential. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. Cinespace Chicago Film Studios announces huge expansion by the - WGN 86 active stages. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . This website uses cookies or other identifiers, which are necessary for its functioning. 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. Poles needs to make sure Eberflus maintains significant input. The deal also involves studio space owned by Cinespace in Toronto. 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. As The Hollywood Reporter noted in August: The studio lot industry is riding high on private equity money as investors bet that the busy facilities boosted by streaming projects will offer better returns than office towers.. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. Cinespace intends to grow its employee base in Chicago and Toronto, officials said. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Pascal Sabino 1:39 PM CST on Nov 12, 2021 TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline 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. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. 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. On Friday TPG Real Estate Partners, the real estate arm of the private equity firm TPG, announced plans to acquire Cinespace, the family-run business where the Dick Wolf shows for NBC film. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios 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. Polling Place: Is Patrick Kane the greatest Blackhawk ever. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. The family that owns the Cinespace soundstages where - Chicago Tribune In TPG, weve found a partner who loves our great city of Toronto, respects Cinespaces heritage and tradition of philanthropy, and has the expertise and resources to help lead the company into its next phase of growth, said Steve Mirkopoulos, President and CEO of Cinespace Toronto. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. Pissios was not able to disclose the terms of the deal, but it is understood from a source close to the transaction that TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. Michael Scott Jr. (24th) is resigning from the City Council to take a job with Cinespace Studios, a West Side movie studio."Cinespace Studios is an important part of the local . TPG is bringing in its own team. Subscribe for full access to The Hollywood Reporter. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. Michael Scott Jr. (24th), on June 22, 2022. Block Club Chicago is a nonprofit news organization dedicated to . 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. 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. TPGs purchase of Cinespace is not an outlier, but part of a larger trend, thanks to a nationwide shortage of available stage space due to the onslaught of projects demanded by streaming services. The two are not related. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. 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. In true business news nerd fashion, I wanted to find a Valentine's Day angle . Monique Scott was sworn into City Council to replace her brother, former Ald. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Sources: Feds made recordings at Cinespace Chicago - Chicago Tribune 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. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. What you need to live your best life now. 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. 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. TPG is bullish on the Chicago film scene as well. ft. of what use to be the old Ryerson Steel Company. News about the Studio and Production Facility Industry | Cinespace A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; Its a done deal! said Pissios. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. They have been the source of incredible Canadian content and a steady job creator for the City and Province. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains 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.. 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. Sign up for our free elert here. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. Friday April 20 2018. 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. Cinespace Chicago Film Studios | Chicago IL - Facebook Eoin Egan, who formerly worked as head ofproductionservices at Netflix, will be named Cinespaces new COO, according to Deadline. 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. Skoronski is productive: in three seasons as Northwesterns starting left tackle, he allowed just five sacks in 2,364 snaps. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 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 Chicago studio opened in 2010. The pop-up runs Friday through the end of March. What to watch. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Consumer appetite for original content is a growing secular trend that 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, said Avi Banyasz, Partner and Co-Head of TPG Real Estate. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. 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. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. 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. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Terms of the deal, and the purchase price, were not mentioned in the release. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative 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.. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. 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.. Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com Cinespace Chicago Film Studios welcomes several new productions to its growing campus. newsletter here. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. Film production studio, which could create hundreds of jobs, eyed for Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. All Rights Reserved. Cinespace Chicago specializes in the development, management and operation of studio facilities. The Hollywood Reporter is a part of Penske Media Corporation. 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. Feds' mole's disappearing debt - Chicago Sun-Times This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. Lightyearswill premiere exclusively on Amazon Prime Video. Chicago is not trying to be Hollywood. Eastdil Secured provided financing advisory to TREP for the transaction. Cinespace Chicago Film Studio Arts & Culture. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. 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. 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. Contact | Cinespace Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry.
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