The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. "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. The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. Cinespace intends to continue growing its studio base following the transaction. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. person to lead the city, failed to advance to a runoff, earning just 17 . Opinion | The Spectacular Fall of Lori Lightfoot - The New York Times 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. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative 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. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway The Toronto studio launched in 1988. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. 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. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. 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. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing partners and COO and CFO, respectively. Cinespace | Film Studio Locations, Production and Sound Stage Facilities Sign up for our free elert here. 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. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. The Hollywood Reporter is a part of Penske Media Corporation. TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline 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. 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. 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. Email Newsroom@BlockClubChi.org. Cinespace Chicago Film Studios Welcomes New Productions, All Rights Reserved. Sign up for THR news straight to your inbox every day. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Pascal Sabino 1:39 PM CST on Nov 12, 2021 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. PDF Ever more enticing tax credits, locations renaissance in Chicago and 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. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. In true business news nerd fashion, I wanted to find a Valentine's Day angle . Block Club Chicago is a nonprofit news organization dedicated to . 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. TPG is bringing in its own team. For more information, visit www.tpg.com. 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. 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 family that owns the Cinespace soundstages where - Chicago Tribune 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. 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. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. 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. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. Cinespace also has a significant presence in Toronto. 24th Ward candidates headed to April runoff - Austin Weekly News The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Lightyears will premiere exclusively on Amazon Prime Video. Alex Pissios has confirmed that Cinespace Chicago Film Studios and Cinespace Toronto, the amazing empire that he and his uncle Nick Mirkopolous built on a dream, has been sold to TPG Real Estate, a West Coast based global alternative asset manager. J.B. Pritzker said in the TPG statement. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. The pop-up runs Friday through the end of March. According to the news release, TPG . DOWNLOAD THE FOX 32 NEWS APP. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. 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. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. Sources: Feds made recordings at Cinespace Chicago - Chicago Tribune The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. 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. On Friday TPG Real Estate Partners, the real estate arm of the private equity firm TPG, announced plans to acquire Cinespace, the family-run business where the Dick Wolf shows for NBC film. Chicago, Illinois, United States . This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. 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. The results of that poll, in a word: Oof. 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.. 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. 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 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. Friday April 20 2018. 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