cinespace chicago news

Force is set on Chicago's 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. Clickhereto support Block Clubwith atax-deductible donation. 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. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. CHICAGO (CBS) --Ald. J.B. Pritzker said in the TPG statement. Cinespace Chicago Film Studio Arts & Culture. 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. After a Covid-19 hiatus, Chicago's film industry is back up and running, with local film studio Cinespace Chicago adding more than 100,000 square feet of production space to keep up with demand. and Cassels Brock & Blackwell LLP served as legal counsel to Cinespace. 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.. Watch. General Inquiries 773.521.8000 studioinfo@cinespace.com "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. 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 Toronto studio launched in 1988. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. 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. 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. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. 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 . The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. 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.. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. In true business news nerd fashion, I wanted to find a Valentine's Day angle . Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. The statement also includes praise from Mayor Lori Lightfoot and Gov. Cinespace intends to continue growing its studio base following the transaction. Friday April 20 2018. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. "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. We also wanted to know or did we? 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. I look forward to seeing Cinespace and the entire film sector in the city with all the jobs that rely on it continue to grow over the coming years.". This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Real Estate Partners ("TREP"), the dedicated real estate equity investment platform of alternative asset firm TPG, today announced that it has acquired Cinespace Studios in Chicago and Toronto (Cinespace). 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. 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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. 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. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Were really happy to have the industry back in action on our campus, said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. (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 . Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! 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. Cinespace Chicago specializes in the development, management and operation of studio facilities. 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. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . Keep up to date with our latest industry news, from across the world. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. 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. 3.6 million square feet. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. The Cinespace brand is recognized. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. (Brian Cassella / Chicago Tribune). 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. Email Newsroom@BlockClubChi.org. 2023 The Hollywood Reporter, LLC. 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. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald.

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