The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a streaming content boom. General Inquiries 773.521.8000 studioinfo@cinespace.com Film production studio, which could create hundreds of jobs, eyed for Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. Friday April 20 2018. Stay on top of the latest film, TV, advertising, entertainment and production news! Sign up for our free elert here. 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. 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. 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. New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. Cinespace Studios Sold for $1.1B to TPG Real Estate. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. Detectives were questioning a person who was inside the home at the time. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. 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. TPG is bullish on the Chicago film scene as well. 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. 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. . In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . 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 studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. 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. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative Cinespace Chicago Film Studio Arts & Culture. 415-743-1550, Internet Explorer presents a security risk. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. Information. The statement also includes praise from Mayor Lori Lightfoot and Gov. TREP plans to expand the work done by the CineCares Foundation, a platform founded by Cinespace in Chicago in partnership with key productions on site to provide job training and education to underserved communities. What to eat. The Toronto studio launched in 1988. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. 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. Illinois has a 30% tax credit that. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. He has the pedigree, too: his grandfather Bob was a left tackle and offensive captain on Packers teams that won five NFL championships from 1961-67. 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 . 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.. CHICAGO (CBS) --Ald. Cinespace intends to continue growing its studio base following the transaction. It was a stunning rebuke. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. 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. Cinespace Chicago Entertainment | Film/Movies. 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. 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 . When Hollywood comes to Chicago to film, they do it Chicago style. person to lead the city, failed to advance to a runoff, earning just 17 . Subscribe for full access to The Hollywood Reporter. 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. 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. 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. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Cinespace Chicago adds 100K sq. ft. of production space as filming Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. 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. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Cinespace Chicago specializes in the development, management and operation of studio facilities. 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. 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. 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. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. Jane Williamson joins Cinespace as Head of Studio Operations 86 active stages. Cinespace Studios Chicago and Toronto aquired by TPG Real Estate in $1 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. Chicago, Illinois, United States . Keith Gee, of LifeStorage, will become another co-managing partner and CFO. Its a done deal! said Pissios. 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. 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. 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. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. 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. (StockSnap / Pixabay). Subscribe:Sign up for our FREE e-lert here. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. 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. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Forceis set on Chicagos South Side and stars Chicago Northwest Side native Joseph Sikora and also welcomes Anthony Fleming (Prison Break) and Lucien Cambric (Chicago PD) to the show. Much Shelist P.C. This website uses cookies or other identifiers, which are necessary for its functioning. 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 . As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities.

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