Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. 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. 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. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; 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.". Cinespace Studios in Chicago has 33 stages, with 15 more under development. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . This website uses cookies or other identifiers, which are necessary for its functioning. The statement also includes praise from Mayor Lori Lightfoot and Gov. 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. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. 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. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. TPGs purchase of Cinespace is not an outlier, but part of a larger trend, thanks to a nationwide shortage of available stage space due to the onslaught of projects demanded by streaming services. 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. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. Ashlee Rezin Garcia / Sun-Times Alexander S. Pissios, president of Chicago's largest movie studio, had gone bankrupt but was still more than $1 million in debt when federal agents showed up three years ago. Cinespace Studios Sold for $1.1B to TPG Real Estate. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. 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. Netflix launching a production hub in Toronto by locking up eight soundstages four each at Pinewood Toronto Studios and Cinespace Film Studios in turn sparked a local space race by Hollywood streaming giants scrambling for soundstages on which to create new high-quality film and TV content. 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. 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.. When Hollywood comes to Chicago to film, they do it Chicago style. 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. Forceis set on Chicagos 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. TPG Real Estate Partners has purchased studio campuses in Toronto and Chicago belonging to Cinespace Studios, home to production of major films and TV series like Dick Wolfs Chicago Fire, Chicago PD and Chicago Med, Netflixs Umbrella Academy and MGMs The Handmaids Tale. Cinespace Chicago specializes in the development, management and operation of studio facilities. General Inquiries 773.521.8000 studioinfo@cinespace.com Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. 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 release does not mention any role for Cinespace President and CEO Alex Pissios, whose run as the head of Cinespaces Chicago operation has seen the company expand into the citys premier studio space and purportedly the largest film campus east of California. Sign up for our Eat. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . 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. It was a stunning rebuke. What you need to live your best life now. 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. 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. At the Intersection of advertising, TV, film and production. media@tpg.com Lightyears will premiere exclusively on Amazon Prime Video. Eastdil Secured provided financing advisory to TREP for the transaction. 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. Information. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. 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. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. ft. of what use to be the old Ryerson Steel Company. 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 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. Leslie Shribman and Courtney Power A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. 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. 3.6 million square feet. Cinespace Chicago Film Studio Arts & Culture. 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 Entertainment | Film/Movies. 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. Cinespace intends to grow its employee base at each studio as a result of the transaction. 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. What to watch. Alex Pissios has confirmed that Cinespace Chicago Film Studios and Cinespace Toronto, the amazing empire that he and his uncle Nick Mirkopolous built on a dream, has been sold to TPG Real Estate, a West Coast based global alternative asset manager. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. Were expanding beyond our workforce development program in Chicago to Toronto so stay in touch for updates. Egan and Gee are accomplished executives who have significant experience building and scaling businesses. On Friday TPG Real Estate Partners, the real estate arm of the private equity firm TPG, announced plans to acquire Cinespace, the family-run business where the Dick Wolf shows for NBC film. 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. 2023 The Hollywood Reporter, LLC. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespaces operations in Chicago and Toronto. 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. Media Contact Subscribe to Block Club Chicago,an independent, 501(c)(3), journalist-run newsroom. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. Your fullest creative potential. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. To learn more, please refer to the cookie policy. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. 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.. 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.. 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. "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. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. 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. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. 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. He was so successful in this endeavor that CineCares created 7,500 new jobs. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . We also wanted to know or did we? Pascal Sabino 1:39 PM CST on Nov 12, 2021 This website uses cookies or other identifiers, which are necessary for its functioning.
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