The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. Sign up for our free elert here. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. 24th Ward candidates headed to April runoff. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. CHICAGO (CBS) --Ald. Thank you Alex for being the best ambassador this film community could ask for. Kirkland & Ellis LLP and Davies Ward Phillips & Vineberg LLP served as legal counsel to TREP. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. 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. (StockSnap / Pixabay). 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. In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. At the Intersection of advertising, TV, film and production. Gov. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. General Inquiries 773.521.8000 studioinfo@cinespace.com The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. Our Locations Cinespace Chicago Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. 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. 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. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. 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. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. 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. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. Today, TREP has $5.3 billion of assets under management. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. 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. 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. Leslie Shribman and Courtney Power According to the news release, TPG . Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. 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. With the city at capacity, having a private equity firm running Cinespace could lead to growth. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. 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. Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. 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. Cinespace Chicago Film Studio campus in North Lawndale. This website uses cookies or other identifiers, which are necessary for its functioning. Friday April 20 2018. Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. Keep up to date with our latest industry news, from across the world. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. Every dime we make fundsreportingfrom Chicagos neighborhoods. 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. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. Were expanding beyond our workforce development program in Chicago to Toronto so stay in touch for updates. Much Shelist P.C. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. 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. 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 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. 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. 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.. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; 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 . TPG is bringing in its own team. Skip to content About Us Locations CinecaresNews Contact Log In Cinespace Chicago Cinespace Toronto Cinespace Chicago Film Studio Arts & Culture. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. 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. 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. Clickhereto support Block Clubwith atax-deductible donation. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. 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. 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. According to the news release, TPG plans to expand upon the program, but did not provide further details. 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. "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. 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. DOWNLOAD THE FOX 32 NEWS APP. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . The story centers around four 12-year-old girls who deliver newspapers. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. 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). According to Crains Chicago Business, TPG, in a statement, has confirmed that its TPG Real Estate Partners unit has made the acquisition. It was a stunning rebuke. 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 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. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. The studio was acquired by TPG Real Estate in a deal announced Friday. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. "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, 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. Egan and Gee are accomplished executives who have significant experience building and scaling businesses. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Monique Scott was sworn into City Council to replace her brother, former Ald. 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. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. //

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