Cinespace and Chicago Fire film and TV productions studios in Chicago and Toronto spontaneously have been sold for $1.1 billion. According to several sources, the co-founder of Cinespace, Alex pissios confirmed the details by acknowledging that a real estate organization TPG had acquired the second-largest sound stage organization in North America, Cinespace. The pissios are no longer part of the management team of the Cinespace organization; TPG is believed to be arriving with its new unit as soon as possible, with the former Netflix’s head of production, Eoin Egan, as the new COO. As the founder and former co-owner of the Cinespace Company Alex pissios, it is yet to be clear about his involvement in the company’s future.
TPG is expected to go beyond the current boundaries of Cinespace by expanding it beyond its ongoing 55 soundstages situated at Ryerson Steel distribution facility at 2621 W. 15th Place and at 31st St. and Kedzie Avenue. It is also expected to continue accelerating the growth of the ever-growing film industry and create jobs for the residents of North America. Alex pissios says that the community surrounding the two organizations is always core to the growth of the organization. He wishes that new management under TPG will ensure continuous contribution towards the community by creating more jobs for people. Just like it has always done since Alex pissios founded the Chicago film and TV production studio in 2010 and the Toronto studio in 1998.