Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. 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. Monique Scott needed more than 50 percent of the vote to avoid a runoff. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. Keep up to date with our latest industry news, from across the world. Cinespace sold to buyout firm in deal reportedly worth $1 billion This website uses cookies or other identifiers, which are necessary for its functioning. Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. Block Club Chicago is a nonprofit news organization dedicated to . Film production studio, which could create hundreds of jobs, eyed for 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. 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 [] 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. Your fullest creative potential. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains Cinespace Chicago specializes in . Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. Eastdil Secured provided financing advisory to TREP for the transaction. He was so successful in this endeavor that CineCares created 7,500 new jobs. [CDATA[ Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. About Us Locations CineCares News Contact Cinespace Chicago Cinespace Toronto Studio Babelsberg Cinespace We're the perfect partner for your next production. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. ft. of what use to be the old Ryerson Steel Company. person to lead the city, failed to advance to a runoff, earning just 17 . 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. 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 . Cinespace Studios Sold to Private Equity Firm | Chicago News | WTTW 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.. An effort to help diversify TV and film crews, CineCares has created a meaningful (and paid) foot in the door for people of color. Stay on top of the latest advertising, film, TV, entertainment and production news. 24th Ward candidates headed to April runoff. Do. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. The pop-up runs Friday through the end of March. 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. 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. 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. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing partners and COO and CFO, respectively. Cinespace Chicago Film Studio | Enjoy Illinois 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. The Hollywood Reporter is a part of Penske Media Corporation. Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. Alexander Pissios, President of Cinespace Chicago Film Studios joins Steve Bertrand on Chicago's Afternoon News to talk about his plan to expand its studios by 50% by the end of 2021. 2023 The Hollywood Reporter, LLC. As part of Cinespace's commitment to the neighborhood, the family established CineCares Foundation to train and employ area residents through education and job training in TV & Film. 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. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. Cinespace is up and rolling with 4 new series and more Reel Chicago News Watch. 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. Detectives were questioning a person who was inside the home at the time. Cinespace Expansion Will Bring More TV Shows And Jobs To Chicago, CEO Launched in Chicago in 2010 by the Pissios family, Cinespace Chicago operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres near Douglass Park. 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. One of the projects launched under Pissios tenure is a pipeline program called CineCares. CineCares is how we support, promote, and engage local communities. (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 . While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. 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. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. Cinespace Studios in Chicago has 33 stages, with 15 more under development. Subscribe for full access to The Hollywood Reporter. Last year, he secured $21 million in financing for the first phase of a $76 million project to develop property along Ogden Avenue with the CHA and other partners, a proposal Pissios filed while also negotiating his deal with federal prosecutors. "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. Chicago is not trying to be Hollywood. Learn More Cinespace Toronto Cinespace Chicago Film Studios announces huge expansion by the - WGN You can accept the use of cookies or other identifiers by closing or clicking the accept button. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. News about Cinespace Chicago | Cook County Record TPG was founded in 1992 and now has approximately $108 billion of assets under management with investment and operational teams in 12 offices around the world. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. 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. 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Much Shelist P.C. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. What you need to live your best life now. According to Crains Chicago Business, TPG, in a statement, has confirmed that its TPG Real Estate Partners unit has made the acquisition. Cinespace Chicago Film Studio Arts & Culture. 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. TPG is bullish on the Chicago film scene as well. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. 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. Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. With 42 sound stages on its 2.2 million square foot main campus in Chicago's North Lawndale neighborhood and additional studios at 31st and Kedzie, Cinespace is the largest film studio outside of California. #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. 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. (Brian Cassella / Chicago Tribune). Friday April 20 2018. In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. Cinespace Chicago adds 100K sq. ft. of production space as filming Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . (StockSnap / Pixabay). Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. . Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway 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.. 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. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. I look forward to seeing Cinespace and the entire film sector in the city with all the jobs that rely on it continue to grow over the coming years.". Box Office: Michael B. Jordans Creed III Grabbing Title With Series-Best $51M Opening, Lionsgate Dealmakers Michael Burns, Brian Goldsmith Extend Contracts, Jefferson White, Adeline Rudolph Join Hellboy Movie The Crooked Man, Jonathan Krisel in Talks to Direct Pokmon: Detective Pikachu Sequel, Zedd's Striking Beverly Hills Mansion Finally Sells to Kenya Barris, Jennifer Lopez Lists Bel Air Mansion for $42.5M Complete With an Outdoor Amphitheater for Home Concerts, John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit, Rupert Murdoch, Fox Corp. 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Productions ramped back up once the city reopened in June. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. 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. We also wanted to know or did we? We have been studying the content creation and production landscape as an investment theme for a few years, and in that time have developed a relationship with the family behind Cinespace. 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.