Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. Cinespace Chicago specializes in . Stay on top of the latest advertising, film, TV, entertainment and production news. It was a stunning rebuke. Zach Long. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. 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. TPG is bringing in its own team. Cinespace intends to continue growing its studio base following the transaction. Carrie Austin Resigns from City Council After 29 Years in Office, Why Will County Residents Are Fighting a Major Logistics Hub and Why Backers Say Its Needed, Control of Chicago City Council Up for Grabs as Aldermanic Runoffs Loom. 2023 The Hollywood Reporter, LLC. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. 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.". The deal also involves studio space owned by Cinespace in Toronto. Email Newsroom@BlockClubChi.org. The Toronto studio launched in 1988. Eoin Egan, who formerly worked as head ofproductionservices at Netflix, will be named Cinespaces new COO, according to Deadline. J.B. Pritzker. 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. 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. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. In TPG, weve found a partner who loves our great city of Toronto, respects Cinespaces heritage and tradition of philanthropy, and has the expertise and resources to help lead the company into its next phase of growth, said Steve Mirkopoulos, President and CEO of Cinespace Toronto. Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. Sign up for our Eat. 415-743-1550, Internet Explorer presents a security risk. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. Pascal Sabino 1:39 PM CST on Nov 12, 2021 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. I cringe when I hear our town referred to as Hollywood in Chicago. ft. of what use to be the old Ryerson Steel Company. Keep up to date with our latest industry news, from across the world. At the Intersection of advertising, TV, film and production. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Keep up to date with our latest industry news, from across the world. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. Were expanding beyond our workforce development program in Chicago to Toronto so stay in touch for updates. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. J.B. Pritzker said in the TPG statement. 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. Cinespace Studios in Chicago has 33 stages, with 15 more under development. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. 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. In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. Watch. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing partners and COO and CFO, respectively. 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. Cinespace Chicago Film Studio campus in North Lawndale. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. 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). 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. 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 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 . The Chicago studio opened in 2010. Our clients create groundbreaking films and television. 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Your fullest creative potential. Cinespace Chicago Film Studios is a family-owned company specializing in the development, management, and operation of studio space and support facilities for the film, television, and digital media production industry. 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. In true business news nerd fashion, I wanted to find a Valentine's Day angle . Clickhereto support Block Clubwith atax-deductible donation. 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. ft. of what use to be the old Ryerson Steel Company. 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.. TPGs investment will expand these efforts and provide more jobs for Illinois.. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. 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. 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. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. 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. Stay on top of the latest film, TV, advertising, entertainment and production news! Media Contact New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. According to the news release, TPG . CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! Eastdil Secured provided financing advisory to TREP for the transaction. 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. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. The combined Cinespace Chicago and Toronto film studios, founded by the Mirkopoulos and Pissios families, are the largest soundstage in the United States outside of Hollywood. 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. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. The pop-up runs Friday through the end of March. media@tpg.com 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. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. Polling Place: Is Patrick Kane the greatest Blackhawk ever. Cinespace Studios announces that Jane Williamson will join the company as Head of Client Services & Studio Operations in Chicago.Nick Pissios will be leaving the position.. Jane was most recently Production Supervisor on season 2 of Lionsgate TV's Power Book IV: Force and Legendary Entertainment's Night Sky. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Cinespace furthers their vision to build a premier global production platform Reel Chicago News Cinespace Studios announced a series of key leadership changes at Studio Babelsberg, a leading German film studio majority owned by Cinespace. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. 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. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. 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. They have been the source of incredible Canadian content and a steady job creator for the City and Province. Leslie Shribman and Courtney Power The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. Pat Quinns administration in 2016, Cinespace sought a $15 million state grant to buy real estate to expand its footprint, later reducing the request to $10 million. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. 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. Cinespace announced in April plans to add 16 sound stages to its campus on the citys Southwest Side, with Pissios at the time telling Crains that the studio had to turn away projects, and that the expansion would add some 1,200 jobs in the local film industry. Power Book IV: Force, the third spin-off of the popular Starz Power series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Sign up for our free elert here. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. Thank you Alex for being the best ambassador this film community could ask for. 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. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. 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. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. (Colin Boyle/Block Club Chicago) Voters will decide who of the two contenders will take the 24th Ward's aldermanic seat in the April runoff after Monique L. Scott only secured . As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. Chicago is an entity of its own. One of the projects launched under Pissios tenure is a pipeline program called CineCares. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. 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. Got a story tip? Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. 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. "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. 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. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. Its a done deal! said Pissios. 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 [] Chicago has always been a major player in film and TV production, but truth be told, this family took it to a whole new level. 24th Ward candidates headed to April runoff. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. 3.6 million square feet. Chicago's then-Mayor Rahm Emanuel announced the job creation and his appreciation for Cinespace at a news conference on Sept. 1, 2015. 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. . The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. 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. Website. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. 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.. 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. Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. 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. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. 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. 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 . 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. 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. 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.. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. The statement also includes praise from Mayor Lori Lightfoot and Gov. 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. 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. Michael Scott Jr. (24th), on June 22, 2022. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . Chicago is not trying to be Hollywood. Do. 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.. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. You can accept the use of cookies or other identifiers by closing or clicking the accept button. 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. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . 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. //
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