86 active stages. PDF Ever more enticing tax credits, locations renaissance in Chicago and But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. 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. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. Cinespace Chicago Film Studio campus in North Lawndale. 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 Lawndale. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. What you need to live your best life now. CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! All Rights Reserved. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Cinespace Expansion Will Bring More TV Shows And Jobs To Chicago, CEO Today's news is good news for Cinespace Studios, our city, and our thriving film sector. Cinespace Studios Sold for $1.1B to TPG Real Estate. person to lead the city, failed to advance to a runoff, earning just 17 . "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. Subscribe for full access to The Hollywood Reporter. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. 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. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Terms of the deal, and the purchase price, were not mentioned in the release. Every dime we make fundsreportingfrom Chicagos neighborhoods. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment 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. 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. 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. Cinespace Chicago Film Studio | Enjoy Illinois Kirkland & Ellis LLP and Davies Ward Phillips & Vineberg LLP served as legal counsel to TREP. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 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. Cinespace Chicago adds 100K sq. ft. of production space as filming Cinespace Chicago Film Studios Being Sold For $1 Billion Stay on top of the latest advertising, film, TV, entertainment and production news. The Toronto studio launched in 1988. Cinespace intends to continue growing its studio base following the transaction. 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. 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. Bridgeport bank failure fallout: Washington Federal Bank for Savings Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. Cinespace also has a significant presence in Toronto. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. 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. 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. 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. 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. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. 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.. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Monique Scott was sworn into City Council to replace her brother, former Ald. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. Polling Place: Is Patrick Kane the greatest Blackhawk ever. Box Office: Michael B. 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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. 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. Subscribe to Block Club Chicago,an independent, 501(c)(3), journalist-run newsroom. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. 2023 The Hollywood Reporter, LLC. 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. 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. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. 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 Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. A federal appeals panel has ruled an Illinois state agency didn't violate . This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. Teagan Pompa - Senior Studio Technician - Cinespace Chicago Film Keith Gee, of LifeStorage, will become another co-managing partner and CFO. 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. 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.
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