cinespace chicago news

This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. Illinois has a 30% tax credit that. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. 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. 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. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. Cinespace Chicago Film Studios | Chicago IL - Facebook "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. Sign up for our Eat. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . Poles needs to make sure Eberflus maintains significant input. newsletter here. Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Polling Place: Is Patrick Kane the greatest Blackhawk ever. I cringe when I hear our town referred to as Hollywood in Chicago. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. Chicago is not trying to be Hollywood. 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. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. What you need to live your best life now. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Subscribe for full access to The Hollywood Reporter. The story centers around four 12-year-old girls who deliver newspapers. 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. 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. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. 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. 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. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway 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. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. 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.. 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. 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. 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. Cinespace Chicago Film Studios Welcomes New Productions, Expands Crains Chicago Business reported the sale price as $1.1 billion. Watch. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. The Chicago studio opened in 2010. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. 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. 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. 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. The family that owns the Cinespace soundstages where - Chicago Tribune Box Office: Michael B. 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New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. . 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 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. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. media@tpg.com 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. TPG is bullish on the Chicago film scene as well. Consumer appetite for original content is a growing secular tend 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, TPG co-head of Real Estate Avi Banyasz said in the statement. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka ft. of what use to be the old Ryerson Steel Company. 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. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. person to lead the city, failed to advance to a runoff, earning just 17 . Egan and Gee are accomplished executives who have significant experience building and scaling businesses. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. 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. Zach Long. 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. Our clients create groundbreaking films and television. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. This website uses cookies or other identifiers, which are necessary for its functioning. Friday April 20 2018. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. An effort to help diversify TV and film crews, CineCares has created a meaningful (and paid) foot in the door for people of color. 24th Ward candidates headed to April runoff. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. 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. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. The Cinespace brand is recognized. Sign up for our free elert here. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. Its a done deal! said Pissios. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Chicago's then-Mayor Rahm Emanuel announced the job creation and his appreciation for Cinespace at a news conference on Sept. 1, 2015. Monique Scott needed more than 50 percent of the vote to avoid a runoff. and Cassels Brock & Blackwell LLP served as legal counsel to 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. Cinespace Expansion Will Bring More TV Shows And Jobs To Chicago, CEO Every dime we make fundsreportingfrom Chicagos neighborhoods. Pascal Sabino 1:39 PM CST on Nov 12, 2021 Having Chicago as a critical 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.". 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. All Rights Reserved. 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. 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 indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. 415-743-1550, Internet Explorer presents a security risk. The two are not related. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. 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. Cinespace | Film Studio Locations, Production and Sound Stage Facilities Thank you Alex for being the best ambassador this film community could ask for. 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. 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. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. their facilities, and in 2011, Cinespace Chicago Film Studios opened on the 70-acre site of the former Ryerson steel complex. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. At the Intersection of advertising, TV, film and production. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. 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. TPGs investment will expand these efforts and provide more jobs for Illinois.. Got a story tip? 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. Keith Gee, of LifeStorage, will become another co-managing partner and CFO. 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. 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. In true business news nerd fashion, I wanted to find a Valentine's Day angle . 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. 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. Terms of the transaction were not disclosed. 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. Stay on top of the latest advertising, film, TV, entertainment and production news. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. "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 is up and rolling with 4 new series and more Reel Chicago News 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. Skoronski is productive: in three seasons as Northwesterns starting left tackle, he allowed just five sacks in 2,364 snaps. Clickhereto support Block Clubwith atax-deductible donation. Sign up for THR news straight to your inbox every day. Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. Jones Lang Lasalle served as financial advisor to TREP. 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.. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. 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. 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. 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.. General Inquiries 773.521.8000 studioinfo@cinespace.com Cinespace also has a significant presence in Toronto. Netflix launching a production hub in Toronto by locking up eight soundstages four each at Pinewood Toronto Studios and Cinespace Film Studios in turn sparked a local space race by Hollywood streaming giants scrambling for soundstages on which to create new high-quality film and TV content. This website uses cookies or other identifiers, which are necessary for its functioning. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. Today, TREP has $5.3 billion of assets under management. CHICAGO (CBS) --Ald. 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 . According to the news release, TPG . Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. The studio was acquired by TPG Real Estate in a deal announced Friday. Cinespace Chicago Film Studio Arts & Culture. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO According to Crains Chicago Business, TPG, in a statement, has confirmed that its TPG Real Estate Partners unit has made the acquisition. Cinespace Chicago Film Studios Welcomes New Productions, Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. J.B. Pritzker. Cinespace Chicago Film Studios announces huge expansion by the - WGN Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative The statement also includes praise from Mayor Lori Lightfoot and Gov. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. According to the news release, TPG plans to expand upon the program, but did not provide further details. Cinespace intends to continue growing its studio base following the transaction. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. Cinespace Studios in Chicago has 33 stages, with 15 more under development. 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Email Newsroom@BlockClubChi.org. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. 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. 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. ft. of what use to be the old Ryerson Steel Company. Chicago is an entity of its own. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. 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 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.

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