Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Sign up for our free elert here. 3.6 million square feet. Chicago has a compelling, beautiful cityscape with so much potential. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. I cringe when I hear our town referred to as Hollywood in Chicago. Jane Williamson joins Cinespace as Head of Studio Operations Terms of the deal, and the purchase price, were not mentioned in the release. Skoronski is productive: in three seasons as Northwesterns starting left tackle, he allowed just five sacks in 2,364 snaps. To learn more, please refer to the cookie policy. They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended. Subscribe to Block Club Chicago,an independent, 501(c)(3), journalist-run newsroom. The Hollywood Reporter is a part of Penske Media Corporation. Cinespace Chicago Entertainment | Film/Movies. J.B. Pritzker said in the TPG statement. At the Intersection of advertising, TV, film and production. Terms of the transaction were not disclosed. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. 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. ft. of what use to be the old Ryerson Steel Company. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. He was so successful in this endeavor that CineCares created 7,500 new jobs. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. . 86 active stages. Every dime we make fundsreportingfrom Chicagos neighborhoods. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. Every dime we make fundsreportingfrom Chicagos neighborhoods. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. 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 [] The Cinespace brand is recognized. 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.. Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. #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. 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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. Cinespace Studios Chicago and Toronto aquired by TPG Real Estate in $1 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. Watch. Cinespace Chicago Film Studios Welcomes New Productions, This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. 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 Toronto studio launched in 1988. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; What to watch. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. TPG is bullish on the Chicago film scene as well. In true business news nerd fashion, I wanted to find a Valentine's Day angle . For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. Chicago is an entity of its own. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. The pop-up runs Friday through the end of March. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka 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. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. 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. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. 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. News about Cinespace Chicago | Cook County Record Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Cinespace is building a Hollywood-style studio - Time Out Chicago Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. Eoin Egan, who formerly worked as head ofproductionservices at Netflix, will be named Cinespaces new COO, according to Deadline. Cinespace furthers their vision to build a premier global production I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. The largest provider of sound stages and production support in the region, at 1.4 million square feet - with a total of 29 stages over three major campuses, including purpose built stages with 45 clear heights. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO 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. 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. Teagan Pompa - Senior Studio Technician - Cinespace Chicago Film Clickhereto support Block Clubwith atax-deductible donation. To learn more, please refer to the cookie policy. Cinespace Chicago Film Studios | LinkedIn Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! 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. For more information, visit www.tpg.com. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Box Office: Michael B. 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Cinespace Chicago Film Studios Being Sold For $1 Billion The film operation at The Fields would be a smaller version of the Cinespace Chicago Film Studios campus on the West Side, where TV shows and movies are filmed and produced. 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 . 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. Forcewill 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. Lightyearswill premiere exclusively on Amazon Prime Video. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. newsletter here. TPG is bringing in its own team. 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. Zach Long. 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 . Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Your fullest creative potential. 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. 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 acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visit ChicagoFilmStudios.com or CineCaresFoundation.org. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. 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 was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Today, TREP has $5.3 billion of assets under management. This website uses cookies or other identifiers, which are necessary for its functioning. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. 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. Thank you Alex for being the best ambassador this film community could ask for. 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. Cinespace Expansion Will Bring More TV Shows And Jobs To Chicago, CEO 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 24th Ward candidates headed to April runoff - Austin Weekly News The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. 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.
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