Lionsgate is expanding its manufacturing footprint in the tri-state area. The Hollywood studio will become the host of the $125 million host studio complex in New York, New Jersey.
The studio deal follows Lionsgate’s $100 million studio complex in Yonkers, 20 minutes from Manhattan, built by Great Point Capital Management, a media-focused investment fund managed by Halmi, president and CEO of Hallmark Entertainment. , and Feh Zeko.
“This is a great opportunity to expand our East Coast studio presence with our partners Great Point Studios and the New Jersey Center for the Performing Arts to support our strong film and television production,” said John Feltheimer, CEO of Lionsgate, in a statement. .
Robert Halm’s Great Point Studios builds, owns and operates a 12-acre film and television studio complex in New Jersey, while Lionsgate owns a minority interest and has the right to name the facility.
The purpose-built Newark Studio, scheduled to open in early 2024, will be located in the city’s South Palace, on the site of the former Seth Boyden Housing, close to Newark Liberty International Airport and other local transport infrastructure.
The 300,000 square foot complex includes production stages ranging in size from 20,000 to 30,000 square feet, with offices and ancillary spaces.
Lionsgate is expanding its production center in New York because the studio has about 100 scripts, an unwritten TV series, and 3 Arts that aired last year amid a pandemic.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
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