From the companys roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets, said Adam Fisher, Founder and CEO of Commonwealth Asset Management and a Director of Shadowbox. Metro Atlanta-based Blackhall Studios sold to private equity firm $380,000. The Los Angeles County Department of Public Health confirmed Thursday no additional deaths and 29 new cases in the Santa Clarita Valley, with 16 additional deaths and 1,028 new cases countywide. Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder. Filming provides thousands of jobs locally and supports every segment of our local economy. FGS Global Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowboxs future.. Ryan Millsap launched the firms first production facility in Atlanta, where it was able to capitalize on Georgias 30% tax credit. We chose Shadowbox to represent the company going forward as a symbol of both the physical and imagined spaces supported by our platform, added Peter Rumbold, Commonwealths Head of Real Estate and Director of Shadowbox. ATLANTA One of Atlanta's largest production studios has been sold to Los Angeles-based private equity firm Commonwealth Group on Wednesday. Shadowbox would build the commercial portion and Integral, which is hoping for approval to build its second housing development in Saugus, would be responsible for the housing portion. Supporting large-scale productions with best-in-class service is Shadowboxs bread and butter. The reported sales price for Blackhall's Atlanta assets is $120 million. Blackhall film and TV studio 'to create 3,000 jobs' - Yahoo News Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. Ginger Li The (Riverview) project includes a subdivision into five lots/planning areas to include a total of 318 residential units and recreation amenities, according to an email from Jason Crawford, director of community development for the city of Santa Clarita. With this additional funding, Shadowbox will be able to expand on its established portfolio and scale its offerings to meet the increasing demand for premium soundstages across the globe. June 14, 2022, 2:00 PM UTC. According to Millsap, the Commonwealth Group will purchase the . In addition, the firm maintains substantial coinvestment relationships with highnetworth family offices and large institutions that provide a rapidly scalable base of investable capital. The County of Los Angeles Fire Department recently mailed the Annual 2023 Brush Clearance Notices to residents in Fire Hazard Severity Zones. Santa Clarita City Planners Reviewing Placerita Canyon Studio Project, March 15: Have Coffee With a Cop at Dicks Sporting Goods, March 4: Celebrate Mardi Gras at Old Town Newhall Farmers Market, Whittaker-Bermite Owner Partners with New Urban West to Develop Site, SCV Sheriffs Station OHV Grant Request Available for Public Review, Feb. 28: Emergency Virtual Meeting 1:30 p.m. Possible Camp Scott Impact, CNA Condemns Decision to Lift Mask, Vaccine Mandates in Health Care Settings, Friday COVID Roundup: County Records 14 Deaths, 1,343 New Cases, Civilian Oversight Panel Adopts Recommendations to Eradicate LASD Deputy Gangs, CDPH Updates COVID-19 Guidance, Health Orders, New Beehive Installed at Placerita Canyon Nature Center, Breaking Barriers Career Expo at Boys & Girls Club, Records Fall for TMU Athletes at NAIA Indoor Championship Finals, March 10: All Schools Dance at Magic Mountain, Mustangs Find Success at NAIA Swim Nationals, American Red Cross Announces March 2023 Monthlong Events, SCVi Now Recruiting Students for 2023-24 School Year, March 18: COC Hosting Discover Day for New, Potential Students, Monthly Message from City Manager March 2023 | One Story One City, March 11: LACoFDs Brush Inspection Educational Meeting for SCV Residents, Dr. Lisa Wong Appointed Director of L.A. Countys Mental Health Department, Thursday COVID Roundup: Resources to Remain After Emergency Orders End. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the companys service offerings and deliver premium soundstage facilities in the top global production markets.. The move is part of California's attempts to keep up with the increase in demand of TV and film production in Hollywood. Find your next apartment in Santa Clarita CA on Zillow. Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. Shadowbox has made these amenities front and center. *Assets estimated as of March 2022 and are inclusive of Commonwealth Asset Management LP, Commonwealth Asset Management Holdings LLC and its affiliates, constituting CWAM. The application will be available to review for a 60-day review by the public beginning on March 7 and ending on May 7. PressReader. saw The Master's University Mustang track teams break records as they moved on to the finals. We chose Shadowbox to represent the company going forward as a symbol of both the physical and imagined spaces supported by our platform, added Peter Rumbold, Commonwealths Head of Real Estate and Director of Shadowbox. Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowboxs future.. Additional legal work was done by Farrer & Co. and King & Spalding. Shadowbox's Atlanta facility will go from nine soundstages to 31 across a 2 million square feet complex as demand for stage space continues to soar. His Atlanta studio complex, launched in 2017, spans about 150 acres, according to the studios website, and a 2019 CNBC article referred to Blackhall Studios as the third largest in the state. By. Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns, and operates state-of-the-art soundstages for film and media production, and provides a range of on-site support services for clients. Application filing will be held for one week and begins Friday, March 3 and will close on Thursday, March 9. Variety is a part of Penske Media Corporation. Production resumed gradually in the state where by April 2021 on-location filming in Los Angeles returned to 60% of normal levels. For more information, visit www.shadowboxstudios.com. London Metro Area: Shadowbox recently completed the initial 150,000 square foot phase of its nearly one million square foot Shinfield Studios project in the United Kingdom, which is fully leased to one of the worlds largest content creators. Ginger.Li@silverlake.com, Allison McLarty Motion Picture & Television Studios; Blackhall Studios. Following completion of the remaining development, the company will operate 18 stages in the London area. The investment includes a capital commitment of $500 million that will support Shadowboxs growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over $1.5 billion of expected capital investment. In Atlanta, the Hollywood-DeKalb County land swap debate has reached Our soundstages ranging from 22,000 ft. to 55,000 ft. are some of the biggest and newest additions within the 30 mile zone. Jan 11, 2022, 3:14 PM. 2 ba. The campus spans 165 acres and has 850,000 square feet of interior space across nine sound stages. The $500 million expansion will add 1.2 million square feet and 22 new soundstages to Shadowboxs Atlanta location, making it one of the biggest production facilities in Georgia and in the U.S. South. The announcement was made two months after Sky revealed its own plans for a new 14-stage site beside the current Elstree Studios in Hertfordshire in a boost for the creative economy. Each of these investment strategies reflects Commonwealths top-down macro-economic approach, carefully developed investment philosophy and contiguity to technological innovation. A three-story office building and a five-level, 1,064-space parking structure that includes one subterranean level are proposed in the southwestern corner of the Project Site. The combination of Shadowboxs premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the worlds top content producers as they grow their businesses, said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowboxs board along with Silver Lake Director Chip Schroeder. Hunt C. Braly - pooleshaffery.com Oscars: Complete Guide to 2023 Red Carpet Events and Parties (Updating), John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit, Rupert Murdoch, Fox Corp. Sued For Sharing Bidens Presidential Ads Before They Aired, TikTok Facing Increasing Prospect of National Ban in New Bill Passed by House Committee, New York Gov. A one-stop review is a preliminary process the city offers to anyone considering the proposal of a project in front of the Planning Commission, said Jason Crawford, economic development director for the city of Santa Clarita. The Bonelli family owns Rodeo Land Co. The company formerly known as Blackhall Studios announced a new name and a new investor on Tuesday, as it pursues an ambitious construction agenda in Georgia, Los Angeles and the United Kingdom. While the Santa Clarita lot is a somewhat smaller property, the one-stop review request includes more development than the Atlanta lot, with more than 1 million square feet of commercial space planned. Coming soon: 150m Hollywood-style film studios to Reading Compared wth 2020, this marks an overall rise of 62% in permits, 42.6% in film days and 40.8% to the estimated economic impact. Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns, and operates state-of-the-art soundstages for film and media production, and provides a range of on-site support services for clients. The complex, located about 10 minutes south of downtown Atlanta, produces more than $500 million in content. A catering facility is mentioned at approximately 22,000 square feet. Last year, the city estimated an economic impact of about $36 million to the local community. "Santa Clarita has a rich history of film production and location filming, and we are thrilled to see the numbers have rebounded from the pandemic shutdowns, said Santa Clarita mayor, Laurene Weste. Blackhall Global Partners moves forward with expansion of Blackhall Blackhall Studios - Santa Clarita | Motion Picture & Television Studios HOLLYWOOD CHAMBER. Santa Clarita received an application for a mixed-use, residential development to be located on the 40-acre Saugus property in October 2021, according to city senior planner Hai Nguyen, who said Wednesday that project was still in the initial study phase. Several other companies have announced plans to expand existing soundstages or build new ones in the last couple of years. Santa Clarita in Los Angeles county has reported a blockbuster year of filming in the city in 2021, following Covid disruptions in 2020. Soundstages have been operating at or near maximum capacity in the Los Angeles area during the post-pandemic production boom. Hi5 Studios | Spellbound Wiki | Fandom Santa Clarita in Los Angeles county has reported a blockbuster year of filming in the city in 2021, following Covid disruptions in 2020. Shadowbox develops, owns, and operates purpose-built, state-of-the-art soundstage facilities uniquely positioned to meet the needs of a growing industry of creative content producers. US company Blackhall Studios and the University of Reading want to build the new 150m studios . Los Angeles Metro Area: In addition, Shadowbox is currently developing a 19 soundstage, approximately 1.3 million square foot purpose-built studio campus in Santa Clarita, CA. Silver Lakes portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally. Santa Clarita city planners recently received an application for a one-stop review for a movie studio complex in Placerita Canyon, city officials confirmed Monday. Including these, the company will own and operate a portfolio of 68 soundstages and more than 4.2 million square feet of leasable area, making it one of the largest operators in the region. The soundstages, in terms of square footage, is about 610,000 square feet, according to Mike Marshall, associate planner for the city of Santa Clarita. The new studio comes through an agreement with the nearby University of Reading, and will be built at Thames Valley Science Park. 2 bds. The Project Applicant proposes to develop a full-service film and television studio campus on the Project Site that would consist of approximately 473,000 square feet of sound stages; approximately 561,500 square feet of workshops, warehouses, and support uses; approximately 221,000 square feet of production and administrative offices; and approximately 37,500 square feet of catering and other specialty services. The investment from private equity firm Silver Lake will also go toward expanding the studios footprint in London and Los Angeles. It was founded in 2012 and is stationed in Santa Clarita, California. Charlotte Jerbic SHARE THIS ARTICLE. He added the initial study could be finished by the spring, depending on whats found during the preliminary review. This one thats in front of us now is getting pretty far along, Crawford said. I know theyre a real group and I know theyre hoping to cross the finish line.. 2023 Variety Media, LLC. Est. Latham & Watkins represented Silver Lake. Large-scale productions require a studio with the soundstages, mill spaces and office real estate to accommodate full cast, crew and staff. Shadowbox Studios Commonwealth focuses its investment activities within four main categories: Real Estate, Global Macro, Digital Assets and Opportunistic Growth. Blackhall Studios founder Ryan Millsap announced Wednesday morning he's sold the studio to a California based private equity firm. Blackhall Studios is a 165 Acre Movie Production Facility with more than 850,000 sqft under roof. Shadowbox develops, owns, and operates purpose-built, state-of-the-art soundstage facilities uniquely positioned to meet the needs of a growing industry of creative content producers. FilmLA Updates Annual Sound Stage Production Report The facility in Atlanta has hosted productions like "Jumanji: The Next Level," "Jungle Cruise" and '"Godzilla: King of the Monsters," and the company felt a footprint in Los Angeles was . The Saugus Speedway property is probably as steeped in the SCVs historical cowboy Western tradition as any, according to information available on SCVHistory.com. Santa Clarita 1 Bedroom Houses; Santa Clarita 2 Bedroom Houses; Santa Clarita 3 Bedroom Houses; Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it . Millsap sold the nine-soundstage Blackhall Studios campus in Atlanta, one of the state's largest film and television production facilities, to Los Angeles private equity firm Commonwealth Asset. Valencia >> In a real estate deal that stressed location, location, location, an investor group has bought the Santa Clarita Valley production studio where CBS drama "NCIS" shoots for $19.3 . Join the Santa Clarita Valley Sheriff's Station for a morning of coffee Wednesday, March 15, between 9 a.m.-11 a.m., at Dicks Sporting Goods, 26591 Carl Boyer Drive, Santa Clarita, CA 91350. Lee Wittlinger, a managing director of Silver Lake, and Chip Schroeder, a Silver Lake director, will join the Shadowbox board. The combination of Shadowboxs premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the worlds top content producers as they grow their businesses, said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowboxs board along with Silver Lake Director Chip Schroeder. The local film office reported 570 film permits and 1,505 filming days, which generated approximately $37.6m in economic impact to the local community. Contact Info. To learn more about Database Works and our custom software solutions, please request a demo. US firm Blackhall Studios to build new UK site near Reading All rights reserved. Updated: 5:44 PM EDT April 28, 2021. Blackhall Studios offers complete services for all types and sizes of productions from small independent films to scripted television series to tent pole movies, according to the studios website. Netflix . Silver Lakes portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally. Blackhall Studios - Santa Clarita, California