RadioWorks Group’s Post

Albuquerque just got a new addition to their growing production infrastructure with ABQ Castle Studios, the city's first Virtual Production stage - https://lnkd.in/gjNY-q5P

As of 2023, we have determined that demand for production space at soundstages is continuing to outpace supply in LA and NYC through 2025. With the influx of investment in the London and Vancouver markets, projected supply is estimated to meet anticipated demand by 2025. For all markets, however, we found there is opportunity for continued investment in high-end, purpose-built facilities as modern, bespoke studios are in high demand and the preferred option of content producers. These findings should be considered when assessing additional global filming locations and leveraged by content creators and real estate investors as they explore their go-forward real estate production strategies.

We wanted to share an important update from Bristol City Council, which owns The Bottle Yard Studios. Earlier this week, approval was given for Council officers to move forward with the proposed sale of the long leasehold of The Bottle Yard Studios. (The Council will retain the freehold of the site.) Reacting to this, our Head of Film Laura Aviles, who oversees the Studios and leads our team, welcomed the decision, saying: “This marks a positive step forward for The Bottle Yard Studios and the wider film and TV industry in Bristol and the South West. The trajectory of growth we have seen in the Studios’ national and international reputation, evidenced by the increasing volume, budget and calibre of productions it attracts to the region, is clear. This upward trend can be further boosted by the private investment opportunities that will now be fully explored. "For the operational team at the Studios and the productions, business tenants, crew and companies we support on site every day, it will be ‘business as usual’ throughout this process. With a strong booking slate stretching into 2025/26, we are committed to ensuring The Bottle Yard continues to deliver for the region’s film industry as a thriving studio hub, to the benefit of local creative industry professionals working in the wide range of roles associated with film and TV production." Councillor Tony Dyer, Leader of Bristol City Council and Chair of the Strategy and Resources policy committee said: “We’re taking this approach in the full knowledge that as a regeneration project at its heart, the Studios have achieved success beyond our initial ambitions. "Like all regeneration projects, a time will always come when it’s sensible for the local authority to seek options for enabling further growth to expand the benefits available to the city. The Bottle Yard Studios has hit that point and I’m pleased fellow councillors have agreed the time is right to start the process of sale. Our initial market testing is very positive and we’re confident in securing an agreement with a purchaser that benefits the studios, the sector and the city.” Please note, this process is wholly managed by Bristol City Council - but we'll continue to share official Council updates as they become available. In the meantime, it's 'business as usual' here at the Studios, supporting the brilliant production companies, production teams and creative businesses working on site with us 🎬👍#filmedinBristol For more information read the full Council update here: https://ow.ly/y5py50TMpVk

In today’s world of streaming platforms, the demand for new content continues to grow, driving the need for modern studio spaces that cater to content producers' unique needs. In a recent article in NAIOP’s Development Magazine, our Partner Nikolette Huberman Jacob discussed the extensive renovations of BLT Studios, a 25,000 SF Hollywood film studio. “The details matter,” noted Christina Lamison, General Manager Sales & Marketing at BLT Studios. “Our goal is to provide every client with an ideal studio experience so that we can develop and nourish long-lasting relationships.” For the renovation, BLT aimed to preserve the studio’s legacy while improving the rentable spaces by adding modern amenities like outdoor areas, improved lighting, and efficient air conditioning, benefiting all types of content producers, from online influencers to filmmakers and everyone in between. Robert Solomon, BLT’s President noted that the company's “philosophy was measure twice and cut once. The last thing we wanted to do was to have to call a client and tell them they couldn’t film on the date we had told them they could.” Before these renovations, BLT had acquired and renovated a 200,000 SF creative campus, rebranded as The Hollywood Exchange in 2021. This historic property, formerly known as Television Center and the original Technicolor headquarters, boasted a rich Hollywood pedigree but required modernization. Read more about BLT Studios’ history and renovations below: https://lnkd.in/g2RvvvPx #CommercialRealEstate #FilmMaking #Entertainment #Hollywood #LosAngeles

A new star is emerging on the commercial real estate scene. The up-and-coming headliner? Film and sound production studios. Soaring demand for content unleashed by the streaming wars is the big trend putting these specialized properties in the investment and development spotlight.

A new star is emerging on the commercial real estate scene. The up-and-coming headliner? Film and sound production studios. Soaring demand for content unleashed by the streaming wars is the big trend putting these specialized properties in the investment and development spotlight.

A new star is emerging on the commercial real estate scene. The up-and-coming headliner? Film and sound production studios. Soaring demand for content unleashed by the streaming wars is the big trend putting these specialized properties in the investment and development spotlight.

A new star is emerging on the commercial real estate scene. The up-and-coming headliner? Film and sound production studios. Soaring demand for content unleashed by the streaming wars is the big trend putting these specialized properties in the investment and development spotlight.

Cinema group Vue International is to take over the operations of two sites being shut by rival Cineworld. The company has agreed new leases with landlord Landsec for the venues at Tower Park in Poole, Dorset, and Xscape Yorkshire in Castleford, West Yorkshire. 👉 For the full version of this story and to read it first sign up to the Propel email newsletter for free: https://lnkd.in/eyy_THzR

It had to be done