As Hollywood studios and streaming services race to produce more film and TV content, a national shortage of soundstage space is drawing investors into the market for the large leased spaces needed for film production.
At the same time, lucrative film and TV production incentives being dangled by several state economic development agencies to draw studio projects is expanding the market for soundstages from traditional venues like Los Angeles and New York to locations in Georgia and New Jersey, among others.
Menlo Park, CA-based private equity firm Silver Lake is investing $500M in Shadowbox Studios, a production company with soundstage facilities in Los Angeles, Atlanta and London, aiming to expand the company's footprint of leasable film production by more than 4M SF, according to a report this week in the Wall Street Journal.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
