This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. 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. 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. Clickhereto support Block Clubwith atax-deductible donation. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Feds' mole's disappearing debt - Chicago Sun-Times As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visit ChicagoFilmStudios.com or CineCaresFoundation.org. 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 [] Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains In true business news nerd fashion, I wanted to find a Valentine's Day angle . 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 . Cinespace is up and rolling with 4 new series and more Reel Chicago News I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. During the waning days of Gov. Box Office: Michael B. 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Sued For Sharing Bidens Presidential Ads Before They Aired, Paramount Will Pay $122.5M to Settle CBS-Viacom Merger Lawsuit, A24 Buys Off-Broadways Cherry Lane Theatre, Pay TV and Cable Providers Lost 5.8M Subscribers in 2022, Star Hairstylist Jen Atkin Reveals Must-Have Hair Tools, Tutorials and Pro Tips In New MasterClass, Rihannas Puma x Fenty Is Coming Back Heres Where You Can Still Buy Those Cult-Fave Creepers, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, The Big Lebowski Turns 25: People Didnt Get It, Jeff Bridges Recalls, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Lightyears will premiere exclusively on Amazon Prime Video. In addition to film production, the campus is home to Stage 18 Chicago, a 501(c) 3 organization and incubator established to retain and grow talent in Chicago. Watch. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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.. 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. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline 415-743-1550, Internet Explorer presents a security risk. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . Teagan Pompa - Senior Studio Technician - Cinespace Chicago Film According to the news release, TPG . The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. 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. Every dime we make fundsreportingfrom Chicagos neighborhoods. Cinespace Studios in Chicago has 33 stages, with 15 more under development. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. 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. Terms of the transaction were not disclosed. Its a done deal! said Pissios. #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. Cinespace intends to grow its employee base at each studio as a result of the transaction. 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. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. Subscribe for full access to The Hollywood Reporter. I cringe when I hear our town referred to as Hollywood in Chicago. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. Pissios was not able to disclose the terms of the deal, but it is understood from a source close to the transaction that TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO Pascal Sabino 1:39 PM CST on Nov 12, 2021 CineCares is how we support, promote, and engage local communities. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; Lightyearswill premiere exclusively on Amazon Prime Video. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. 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. 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. 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. Zach Long. PDF Ever more enticing tax credits, locations renaissance in Chicago and Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. They have been the source of incredible Canadian content and a steady job creator for the City and Province. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 Website. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. The two are not related. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. Much Shelist P.C. 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. 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. What to watch. This website uses cookies or other identifiers, which are necessary for its functioning. 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. Cinespace Chicago Film Studios | LinkedIn To learn more, please refer to the cookie policy. DOWNLOAD THE FOX 32 NEWS APP. "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 pop-up runs Friday through the end of March. Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. 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 specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. "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. 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. For more information, visit www.tpg.com. Cinespace Chicago specializes in the development, management and operation of studio facilities. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. Skoronski is productive: in three seasons as Northwesterns starting left tackle, he allowed just five sacks in 2,364 snaps. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka 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. What you need to live your best life now. Cinespace Chicago Film Studios Being Sold For $1 Billion Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. We also wanted to know or did we? 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 . Cinespace Chicago Film Studios Welcomes New Productions, Expands 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. their facilities, and in 2011, Cinespace Chicago Film Studios opened on the 70-acre site of the former Ryerson steel complex. 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. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. ft. of what use to be the old Ryerson Steel Company. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. CineCares Foundation, which was founded by Cinespace Chicago, aims to provide job training and education in the TV and film industry to underserved communities. Sign up for THR news straight to your inbox every day. how interested you are in the Fire, whose season begins Saturday against New York City FC at Soldier Field.
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