Soundstage operator Shadowbox Studios introduced a strategic $500 million funding from tech investor Silver Lake to assist fund current growth tasks in Atlanta, London and LA — tasks with over $1.5 billion of anticipated capital funding.
Silver Lake will accomplice with current investor Commonwealth Asset Management, which stays the bulk shareholder.
“The combination of Shadowbox’s premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the world’s top content producers as they grow their businesses,” mentioned Lee Wittlinger, managing director at Silver Lake, who has joined Shadowbox’s board together with Silver Lake director Chip Schroeder.
“Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the company’s service offerings and deliver premium soundstage facilities in the top global production markets.”
Shadowbox presently operates an 850,000 sq. foot studio facility with 9 soundstages in Atlanta that has been dwelling to Jumanji: The Next Level, Jungle Cruise and Godzilla: King of the Monsters. It’s additionally growing a further 1.2 million sq. foot space together with 22 new soundstages. Upon completion of this growth, Shadowbox’s footprint in Atlanta will complete 31 soundstages and exceed two million sq. ft.
In London, it just lately accomplished the preliminary 150,000 sq. foot part of its almost a million sq. foot Shinfield Studios project within the United Kingdom, which is totally leased to one of many world’s largest content material creators. Following completion of the remaining growth, the company will function 18 levels within the London space.
And within the LA metro space, it’s presently growing a 19 soundstage, roughly 1.3 million sq. foot purpose-built studio campus in Santa Clarita.
Including these, the company will personal and function a portfolio of 68 soundstages and over 4.2 million sq. ft of leasable space, making it one of many largest operators within the sector.
It additionally supplies productions with lighting and grip leases via wholly owned subsidiary, Lamp Dock, in addition to different on-lot companies.
“Supporting large-scale productions with best-in-class service is Shadowbox’s bread and butter. From the company’s roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets,” mentioned Adam Fisher, Founder and CEO of Commonwealth Asset Management and a director of Shadowbox.
“Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowbox’s future.”