Cinespace expands U.S. footprint with studio acquisitions

The studio operator has acquired two facilities from EUE/Screen Gems, including the filming location for Netflix's Stranger Things.

Production facility and sound stage operator Cinespace Studios is expanding its presence in the U.S. with the acquisition of EUE/Screen Gems studio campuses in Atlanta and Wilmington, North Carolina.

The locations will operate as Cinespace Atlanta and Cinespace Wilmington, according to a news release.

“Through the strategic acquisition of these well-regarded studio facilities, we’re expanding our footprint in the industry and commitment to supporting every type of creative need,” said Ashley Rice, president and co-managing partner for Cinespace Studios, in a statement.

The Atlanta studio, which boasts a total of 360,000 square feet of production space across 13 sound stages, recently finished an expansion that added new office space, additional support space, and three new purpose-built sound stages, each over 21,000 square feet. The space is currently home to Netflix’s Stranger Things (pictured).

The Wilmington production facility, meanwhile, is 10 column-free and purpose-built sound stages totaling 152,000 square feet of shooting space alongside construction mills and office spaces. Over the past 40 years, the Wilmington studio has hosted more than 400 productions, including Marvel Studios’ Iron Man 3, Amazon Studios’ The Summer I Turned Pretty and Showtime’s George & Tammy.

“The Cooney family has successfully built two great companies in both Atlanta and Wilmington,” said Eoin Egan, COO and co-managing partner of Cinespace Studios in a statement. “We’re looking forward to welcoming both studio operations teams into Cinespace and will continue to offer a best-in-class service to production.”

Cinespace Studios was founded in Toronto in 1988 and later expanded to Chicago. It was acquired by U.S. firm TPG Real Estate Partners in 2021.

Image courtesy of Netflix