Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. TREP plans to expand the work done by the CineCares Foundation, a platform founded by Cinespace in Chicago in partnership with key productions on site to provide job training and education to underserved communities. The Hollywood Reporter is a part of Penske Media Corporation. Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. [CDATA[ #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. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. Keith Gee, of LifeStorage, will become another co-managing partner and CFO. General Inquiries 773.521.8000 studioinfo@cinespace.com Monique Scott needed more than 50 percent of the vote to avoid a runoff. 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.. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. 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. 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. 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. Media Contact Illinois has a 30% tax credit that. 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. He was so successful in this endeavor that CineCares created 7,500 new jobs. New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. TPG is investing in two of the most stable and sought-after filming jurisdictions in the world, and we are excited to see Cinespaces continued growth and success with TPG.. 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. Stay on top of the latest advertising, film, TV, entertainment and production news. Skoronski is productive: in three seasons as Northwesterns starting left tackle, he allowed just five sacks in 2,364 snaps. Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 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. Watch. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. 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. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. their facilities, and in 2011, Cinespace Chicago Film Studios opened on the 70-acre site of the former Ryerson steel complex. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. TPGs investment will expand these efforts and provide more jobs for Illinois.. 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.. CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. Email Newsroom@BlockClubChi.org. 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. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. 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. 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. According to the news release, TPG . In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. Egan and Gee are accomplished executives who have significant experience building and scaling businesses. 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. Thank you Alex for being the best ambassador this film community could ask for. Were really happy to have the industry back in action on our campus, said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. Information. 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. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. Stay on top of the latest film, TV, advertising, entertainment and production news! What to eat. 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. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. What to watch. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. . ft. of what use to be the old Ryerson Steel Company. 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.. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. Jones Lang Lasalle served as financial advisor to TREP. Apartamentos.com cuenta con recorridos en 3D, videos en alta definicin, reseas y mucha ms informacin verificada que el resto de las pginas de alquileres. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. 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. Were expanding beyond our workforce development program in Chicago to Toronto so stay in touch for updates. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. 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.". TPGs investment will expand these efforts and provide more jobs for Illinois, one of the many reasons why we feel they are the right fit to take on the business, continued Alex Pissios, President and CEO of Cinespace Chicago. Every dime we make fundsreportingfrom Chicagos neighborhoods. 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, in a statement. The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. 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. 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. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. On a personal note, the Chicago film community, the recipients of the CineCares Foundation, the Pilsen neighborhood, and the City of Chicago, owe a huge debt of gratitude to Uncle Nick Mirkopolous, Alex Pissios, and the entire Mirkopolous family for having the foresight, determination, talent, expertise, faith, and vision to raise up the Chicago film industry when others have tried and failed. Block Club Chicago is a nonprofit news organization dedicated to . The story centers around four 12-year-old girls who deliver newspapers. "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. 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. Subscribe for full access to The Hollywood Reporter. (StockSnap / Pixabay). 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. Michael Scott Jr. (24th), on June 22, 2022. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. 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. A federal appeals panel has ruled an Illinois state agency didn't violate . Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Im around for six more months. After that, Alex and the other members of the family owned business will no longer be involved in the operation. State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. 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. Clickhereto support Block Clubwith atax-deductible donation. The Toronto studio launched in 1988. Keep up to date with our latest industry news, from across the world. They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended. Cinespace Chicago Entertainment | Film/Movies. newsletter here. Monique Scott was sworn into City Council to replace her brother, former Ald. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. Chicago, Illinois, United States . Terms of the deal were not disclosed, but its understood from a source close to the transaction that the real estate equity investment arm of asset firm TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. DOWNLOAD THE FOX 32 NEWS APP. To learn more, please refer to the cookie policy. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. At the Intersection of advertising, TV, film and production. 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. 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. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. Pascal Sabino 1:39 PM CST on Nov 12, 2021 Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. NORTH LAWNDALE 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 Midwest's production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial . 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. Learn More Cinespace Toronto A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. The two are not related. Zach Long. TPG, which also owns a majority stake in the Hollywood talent agency CAA, declined to confirm that figure when contacted by the Tribune. They were among the real pioneers in building something special in our city - they have helped me champion the local industry and attract new jobs and investments here. 415-743-1550, Internet Explorer presents a security risk. 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., The Chi, Lightyears,61stStreet,Power Book IV: Force, Paper Girls, South Side, andThe Big Leap. Website. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing partners and COO and CFO, respectively. The studio was acquired by TPG Real Estate in a deal announced Friday. Sign up for our free elert here. The deal also involves studio space owned by Cinespace in Toronto. 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. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. The Chicago studio opened in 2010. Its how we build something beyond facilities, develop a stronger, more diverse workforce, broaden educational platforms, change the narrative behind the camera, and affect meaningful change to create a more vibrant industry. Every dime we make fundsreportingfrom Chicagos neighborhoods. Cinespace intends to continue growing its studio base following the transaction. 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. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Key developments evolving in sale of Brauer Museum artwork by Valparaiso University, Its Chicagos fake birthday: Here are 30 essential foods and drinks to celebrate, from Rainbow Cone to Malrt, Carol Stream man, 35, dies in custody at Cook County Jail, officials say, Do Not Sell/Share My Personal Information. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. To learn more, please refer to the cookie policy. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created, said Alex Pissios, president and CEO of Cinespace Chicago. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. Chicago is an entity of its own. Friday April 20 2018. The statement also includes praise from Mayor Lori Lightfoot and Gov. He would later help his nephew, Chicago native Alex Pissios, open the North Lawndale branch in 2011, where Pissios has been president and CEO since. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. 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I cringe when I hear our town referred to as Hollywood in Chicago. The story centers around four 12-year-old girls who deliver newspapers. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. 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.. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. Chicago is not trying to be Hollywood. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. Keep up to date with our latest industry news, from across the world. Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. With the city at capacity, having a private equity firm running Cinespace could lead to growth. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. Returning series filming at the Chicago campus includeChicago Fire, Season 9;Chicago P.D., Season 8;Chicago Med, Season 6; andThe Chi, Season 4; South Side, Season 2; andThe Big Leap. Much Shelist P.C. 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. 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. 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.. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. 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. person to lead the city, failed to advance to a runoff, earning just 17 . He has the pedigree, too: his grandfather Bob was a left tackle and offensive captain on Packers teams that won five NFL championships from 1961-67. What you need to live your best life now. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. 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.".
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