cinespace chicago news

As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. At the Intersection of advertising, TV, film and production. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! DOWNLOAD THE FOX 32 NEWS APP. I cringe when I hear our town referred to as Hollywood in Chicago. 86 active stages. Cinespace Studios Sold for $1.1B to TPG Real Estate. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. 24th Ward candidates headed to April runoff. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. 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. They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. Sign up for our free elert here. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. 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. On a personal note, the Chicago film community, the recipients of the CineCares Foundation, the Pilsen neighborhood, and the City of Chicago, owe a huge debt of gratitude to Uncle Nick Mirkopolous, Alex Pissios, and the entire Mirkopolous family for having the foresight, determination, talent, expertise, faith, and vision to raise up the Chicago film industry when others have tried and failed. 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 . Block Club Chicago is a nonprofit news organization dedicated to . The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Keep up to date with our latest industry news, from across the world. newsletter here. Friday April 20 2018. Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. Chicago is an entity of its own. Illinois has a 30% tax credit that. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. 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 . The story centers around four 12-year-old girls who deliver newspapers. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. 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. The results of that poll, in a word: Oof. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . Email Newsroom@BlockClubChi.org. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. TPG, which also owns a majority stake in the Hollywood talent agency CAA, declined to confirm that figure when contacted by the Tribune. 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. Our clients create groundbreaking films and television. Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. 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. J.B. Pritzker. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. ft. of what use to be the old Ryerson Steel Company. Power Book IV: Force, the third spin-off of the popular Starz Power series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. About Us Locations CineCares News Contact Cinespace Chicago Cinespace Toronto Studio Babelsberg Cinespace We're the perfect partner for your next production. 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.. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. 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. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. According to Crains Chicago Business, TPG, in a statement, has confirmed that its TPG Real Estate Partners unit has made the acquisition. 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. ft. of what use to be the old Ryerson Steel Company. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. 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. 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. I am thrilled to see this acquisition expand our capability for content creation and look forward to the jobs and production it will bring to our region.. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. 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 courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. 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. At the Intersection of advertising, TV, film and production. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. 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 . 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. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. 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 . By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. The studio was acquired by TPG Real Estate in a deal announced Friday. 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. The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. CineCares Foundation, which was founded by Cinespace Chicago, aims to provide job training and education in the TV and film industry to underserved communities. 415-743-1550, Internet Explorer presents a security risk. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. This website uses cookies or other identifiers, which are necessary for its functioning. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. 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. What to watch. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. Pat Quinns administration in 2016, Cinespace sought a $15 million state grant to buy real estate to expand its footprint, later reducing the request to $10 million. 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. Gov. Zach Long. 3.6 million square feet. Clickhereto support Block Clubwith atax-deductible donation. 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. 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. Crains Chicago Business reported the sale price as $1.1 billion. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. TPG was founded in 1992 and now has approximately $108 billion of assets under management with investment and operational teams in 12 offices around the world. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . TPG is bringing in its own team. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. "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. 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. //]]> Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. 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.. Terms of the transaction were not disclosed. With the city at capacity, having a private equity firm running Cinespace could lead to growth. 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. He was so successful in this endeavor that CineCares created 7,500 new jobs. Poles needs to make sure Eberflus maintains significant input. Cinespace Chicago specializes in the development, management and operation of studio facilities. 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. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. Jones Lang Lasalle served as financial advisor to TREP. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. 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. #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. 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. 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. [CDATA[ While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. During this pandemic, I think we all had a chance to experience how essential quality shows are to our culture and even to our mental health. 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. Cinespace Chicago Film Studio Arts & Culture. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. 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. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. The Chicago studio opened in 2010. Force will 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. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. According to the news release, TPG plans to expand upon the program, but did not provide further details. Chicago is not trying to be Hollywood. Thank you Alex for being the best ambassador this film community could ask for. This website uses cookies or other identifiers, which are necessary for its functioning. A federal appeals panel has ruled an Illinois state agency didn't violate . Eastdil Secured provided financing advisory to TREP for the transaction. News about the Studio and Production Facility Industry | Cinespace News and industry updates about Cinespace, as well as the entire industry devoted to filming locations, production facilities, and studio space. 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. All Rights Reserved. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. 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.. 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. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. One of the projects launched under Pissios tenure is a pipeline program called CineCares. To learn more, please refer to the cookie policy. . New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. 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. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. 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. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. When Hollywood comes to Chicago to film, they do it Chicago style. 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. 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. 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.. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. 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. 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. (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 . Pascal Sabino 1:39 PM CST on Nov 12, 2021 Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 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. 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 Chicago Film Studio campus in North Lawndale. 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. Your fullest creative potential. Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. Information. What to eat. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. TPG Real Estate Partners has purchased studio campuses in Toronto and Chicago belonging to Cinespace Studios, home to production of major films and TV series like Dick Wolfs Chicago Fire, Chicago PD and Chicago Med, Netflixs Umbrella Academy and MGMs The Handmaids Tale. Got a story tip? Cinespace intends to continue growing its studio base following the transaction. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. 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. Cinespace Chicago specializes in . In addition to film production, the campus is home to Stage 18 Chicago, a 501(c) 3 organization and incubator established to retain and grow talent in Chicago. 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. 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.. Subscribe for full access to The Hollywood Reporter. and Cassels Brock & Blackwell LLP served as legal counsel to Cinespace. 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. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. media@tpg.com General Inquiries 773.521.8000 studioinfo@cinespace.com ft. of what use to be the old Ryerson Steel Company. In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. Sign up for our Eat. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. 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.. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . 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. 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. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Much Shelist P.C. Leslie Shribman and Courtney Power The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Sign up for THR news straight to your inbox every day. 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. //

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