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 . Thank you Alex for being the best ambassador this film community could ask for. For more information, visit www.tpg.com. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . 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. [CDATA[ 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. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. We also wanted to know or did we? Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. 24th Ward candidates headed to April runoff - Austin Weekly News Feds' mole's disappearing debt - Chicago Sun-Times In 2019, film and television productions generated $560 million in revenue and created more than 15,000 jobs in Illinois, before operations screeched to a halt during the COVID-19 pandemic. One of the most storied studio complexes in the world, offering 21 sound stages rich in history, with vast production facilities and second-to-none production services that have been utilized by legendary filmmakers. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. . Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. 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. 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As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. 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. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. Box Office: Michael B. 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Cinespace Chicago Entertainment | Film/Movies. 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. Got a story tip? The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. Cinespace Studios Sold for $1.1B to TPG Real Estate. J.B. Pritzker said in the TPG statement. Cinespace furthers their vision to build a premier global production When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. (StockSnap / Pixabay). Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. You can accept the use of cookies or other identifiers by closing or clicking the accept button. 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.". Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. News about Cinespace Chicago | Cook County Record Sources: Feds made recordings at Cinespace Chicago - Chicago Tribune 24th Ward candidates headed to April runoff. Bridgeport bank failure fallout: Washington Federal Bank for Savings A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. 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. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO Alex Pissios On the Future of Cinespace Chicago and His - News Anyway This website uses cookies or other identifiers, which are necessary for its functioning. 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. I want to thank TPG for their commitment and investment in Toronto and the future of 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. 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. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. 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. 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. 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.. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. 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. "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 Chicago Film Studios | LinkedIn It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. Productions ramped back up once the city reopened in June. Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. Cinespace Studios in Chicago has 33 stages, with 15 more under development. With the city at capacity, having a private equity firm running Cinespace could lead to growth. 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. 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.. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. 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. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. 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. Lightyearswill premiere exclusively on Amazon Prime Video. Upon taking office, Quinns Republican successor Bruce Rauner, demanded Cinespace return the grant money following a Chicago Sun-Times investigation that showed that the parcels Cinespace had intended to buy were not for sale. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. Zach Long. Every dime we make fundsreportingfrom Chicagos neighborhoods. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. The deal also involves studio space owned by Cinespace in Toronto. 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. Eoin Egan, who formerly worked as head ofproductionservices at Netflix, will be named Cinespaces new COO, according to Deadline. Were expanding beyond our workforce development program in Chicago to Toronto so stay in touch for updates. Keep up to date with our latest industry news, from across the world. TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline 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. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. 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.
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