cinespace chicago news

This website uses cookies or other identifiers, which are necessary for its functioning. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Cinespace also has a significant presence in Toronto. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. 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. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. In true business news nerd fashion, I wanted to find a Valentine's Day angle . Cinespace is building a Hollywood-style studio - Time Out Chicago 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Cinespace intends to continue growing its studio base following the transaction. CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! 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. The Midwest's production hot spot recently added another 105,000 square foot industrial building near its main campus to expand its footprint and bring more stages online for the busy content creation industry. Cinespace Chicago Film Studios | LinkedIn Our clients create groundbreaking films and television. 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Sources: Feds made recordings at Cinespace Chicago - Chicago Tribune Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com 86 active stages. ft. of what use to be the old Ryerson Steel Company. 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. 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. Keep up to date with our latest industry news, from across the world. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. Forcewill 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. (StockSnap / Pixabay). Chicago's then-Mayor Rahm Emanuel announced the job creation and his appreciation for Cinespace at a news conference on Sept. 1, 2015. Pissios went on to be president of Cinespace Chicago Film Studios, the post he held when federal prosecutors accused him of failing to disclose all of his assets in his bankruptcy and got him to . 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. Subscribe for full access to The Hollywood Reporter. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. The results of that poll, in a word: Oof. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. 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. 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. 1448 S Rockwell St Chicago, IL 60608 - Alquileres en Chicago, IL The Hollywood Reporter is a part of Penske Media Corporation. To learn more, please refer to the cookie policy. Block Club Chicago is a nonprofit news organization dedicated to . Keith Gee, of LifeStorage, will become another co-managing partner and CFO. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing partners and COO and CFO, respectively. Terms of the transaction were not disclosed. 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. The deal also involves studio space owned by Cinespace in Toronto. 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 is the second largest independent sound stage platform in North America with best-in-class studio campuses. "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 show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. 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. 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. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. 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 Eat. Cinespace Chicago Entertainment | Film/Movies. 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. They will find no better place in Canada to do business and we are excited and confident in the future of Cinespace., Toronto Mayor John Tory added: "Toronto continues to be a leader in film and TV and that has been made possible through investments from leading companies who see the value and potential in our city and our residents. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. 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. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. At the Intersection of advertising, TV, film and production. Cinespace Chicago Film Studios announces huge expansion by the - WGN 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. Terms of the deal, and the purchase price, were not mentioned in the release. and Cassels Brock & Blackwell LLP served as legal counsel to Cinespace. The Chicago studio opened in 2010. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespaces operations in Chicago and Toronto. 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.. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. At the Intersection of advertising, TV, film and production. Cinespace Chicago Film Studio campus in North Lawndale. All Rights Reserved. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. 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 CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. Lightyears will premiere exclusively on Amazon Prime Video. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. 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. Polling Place: Is Patrick Kane the greatest Blackhawk ever. The family that owns the Cinespace soundstages where - Chicago Tribune Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. 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. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Contact | Cinespace DOWNLOAD THE FOX 32 NEWS APP. 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. Kirkland & Ellis LLP and Davies Ward Phillips & Vineberg LLP served as legal counsel to TREP. Cinespace | Film Studio Locations, Production and Sound Stage Facilities The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. 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. 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. 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. Cinespace Chicago Film Studio | Enjoy Illinois Cinespace is up and rolling with 4 new series and more Reel Chicago News Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. Clickhereto support Block Clubwith atax-deductible donation. 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. their facilities, and in 2011, Cinespace Chicago Film Studios opened on the 70-acre site of the former Ryerson steel complex. Subscribe:Sign up for our FREE e-lert here. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios 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. A federal appeals panel has ruled an Illinois state agency didn't violate . Email Newsroom@BlockClubChi.org. Bridgeport bank failure fallout: Washington Federal Bank for Savings The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Michael Scott Jr. (24th) is resigning from the City Council to take a job with Cinespace Studios, a West Side movie studio."Cinespace Studios is an important part of the local . State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. 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. "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. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. 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. Industry veteran Eoin Egan, who most recently was head of production services at Netflix, will join Cinespace as chief operating officer and a co-managing partner. 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. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . 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 CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. 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. 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 . CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. 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 on Toy Story 4 and Thor: Ragnarok. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains 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). Chicago has a compelling, beautiful cityscape with so much potential. Cinespace Chicago Film Studios Welcomes New Productions, Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Eoin Egan, who formerly worked as head ofproductionservices at Netflix, will be named Cinespaces new COO, according to Deadline. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. The Midwests production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial building near its main campus to expand its footprint and bring more stages online for the busy content creation industry. Every dime we make fundsreportingfrom Chicagos neighborhoods. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. With the city at capacity, having a private equity firm running Cinespace could lead to growth. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. 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. 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. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Every dime we make fundsreportingfrom Chicagos neighborhoods. News about the Studio and Production Facility Industry | Cinespace The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG.

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