The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry.
Film production studio, which could create hundreds of jobs, eyed for A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. Stay on top of the latest advertising, film, TV, entertainment and production news.
Feds' mole's disappearing debt - Chicago Sun-Times Cinespace Chicago Film Studios | LinkedIn 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. newsletter here. Cinespace intends to grow its employee base in Chicago and Toronto, officials said. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Your fullest creative potential. During the waning days of Gov.
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TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. 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. 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 is up and rolling with 4 new series and more Reel Chicago News Keith Gee, of LifeStorage, will become another co-managing partner and CFO. 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. Productions ramped back up once the city reopened in June. 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. TPG Real Estate, a Texas- and California-based firm, bought the Chicago studio along with Cinespace Toronto for an estimated $1.1 billion, Deadline reports. What to eat. You can accept the use of cookies or other identifiers by closing or clicking the accept button. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry.
PDF Ever more enticing tax credits, locations renaissance in Chicago and 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. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. The pop-up runs Friday through the end of March. 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. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. 3.6 million square feet. 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. They have been the source of incredible Canadian content and a steady job creator for the City and Province. Keep up to date with our latest industry news, from across the world. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. 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. Cinespace also has a significant presence in Toronto. According to Crains Chicago Business, TPG, in a statement, has confirmed that its TPG Real Estate Partners unit has made the acquisition. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Cinespaces new owners plan to expand the CineCares Foundation, which offers residents of underserved Chicago neighborhoods job training and education in the television and film industry. All Rights Reserved. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. Watch. Gov. Uncle Nick had the foresight to recognize how important it was for Chicago and the TV industry to have a facility to base a series there. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Expanding 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities.
Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Jane Williamson joins Cinespace as Head of Studio Operations 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, continued Alex Pissios, President and CEO of Cinespace Chicago.
TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov.
News about Cinespace Chicago | Cook County Record The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. 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. Polling Place: Is Patrick Kane the greatest Blackhawk ever. Cinespace intends to grow its employee base at each studio as a result of the transaction. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. 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. Pascal Sabino 1:39 PM CST on Nov 12, 2021 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 .
Cinespace Chicago Film Studios Welcomes New Productions, Expands Website. Zach Long. 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. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 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. 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. 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. 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 sells to Texas real estate company 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, in a statement. To learn more, please refer to the cookie policy. Crains Chicago Business reported the sale price as $1.1 billion. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. 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. 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. Stay on top of the latest film, TV, advertising, entertainment and production news! 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. Every dime we make fundsreportingfrom Chicagos neighborhoods. TPG, which also owns a majority stake in the Hollywood talent agency CAA, declined to confirm that figure when contacted by the Tribune. When Hollywood comes to Chicago to film, they do it Chicago style. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. 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. CHICAGO (CBS) --Ald. TPGs investment will expand these efforts and provide more jobs for Illinois.. 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 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.
Alex Pissios has confirmed that Cinespace Chicago Film Studios and Cinespace Toronto, the amazing empire that he and his uncle Nick Mirkopolous built on a dream, has been sold to TPG Real Estate, a West Coast based global alternative asset manager. Learn More Cinespace Toronto In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. 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. We also wanted to know or did we? Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. 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. 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. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. 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. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. A federal appeals panel has ruled an Illinois state agency didn't violate . 86 active stages. Lightyearswill premiere exclusively on Amazon Prime Video. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. This website uses cookies or other identifiers, which are necessary for its functioning. (StockSnap / Pixabay). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space.