The Queens facility boasts 11 soundstages and 325,000 square feet of production offices.
“The studio has had a remarkable history over the last 90 years and has been an incredibly active and participating stakeholder in rejuvenating the entire Astoria neighborhood. We are excited to work with Hal Rosenbluth and the entire KAS team, as the studio continues to grow and excel as one of the best production facilities in the industry,” Michael Hackman, founder and CEO of Hackman Capital Partners, said in a statement.
MBS Group, a division of Hackman Capital, is looking to be a one-stop shop as Hollywood projects shoot domestically and abroad and the major studio operator offers soundstages, equipment rental and ancillary services business worldwide. Hal Rosenbluth, president and CEO of Kaufman Astoria Studios, added: “Since inception, the commitment and vision of George Kaufman has been paramount to revitalizing the greater Astoria community, ensuring that the film and production industry serves as a pillar and economic driver for arts, culture and local small businesses. Kaufman Astoria We are thrilled that Kaufman Astoria will continue to serve as an iconic studio within the growing New York film and television market.
Kaufman Astoria was represented by Jefferies Group, Olshan Frome Wolosky LLP and Simpson Thatcher & Bartlett LLP for this transaction.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New York’s Legendary Kaufman Astoria Studios Has Been SoldKaufman Astoria Studios, the New York-based film and production hub, has been purchased by venture capital firms Hackman Capital Partners and Square Mile Capital Management. Built in 1920, Kaufman …
Weiterlesen »
Atlanta’s Trilith Studios to Open 18,000-Square-Foot Virtual Production Facility With NEP (EXCLUSIVE)Trilith Studios is working with NEP Virtual Studios to build a new virtual production facility at its Atlanta headquarters — touted as one of the largest in the world. The permanent Prysm Sta…
Weiterlesen »
England’s Bray Film Studios Gets Planning Permission For Major RevampBray Film Studios, the film and TV facility that sits around 25 miles outside of London, is set to undergo a significant redevelopment after local authorities awarded planning permission to the pro…
Weiterlesen »
Tiny house in wealthy Boston suburb sells for $315,000Tiny home in a wealthy Boston suburb sold after about a month on the market, albeit for far less than the original asking price of almost $450,000.
Weiterlesen »
'The Lord of the Rings' director sells his visual effects studio for $1.6 billion'The Lord of the Rings' director Peter Jackson is selling most of his visual effects studio Weta Digital to Unity, which makes development software for video games, for $1.6 billion.
Weiterlesen »