Great Point Studios and the New Jersey Performing Arts Center are partnering with Lionsgate to open a 12-acre television and movie complex in Newark, New Jersey

Great Point Studios, a studio management/investment firm specializing in film and television infrastructure, and the New Jersey Performing Arts Center (NJPAC), Newark’s premier cultural and civic institution, today announced a partnership with global content leader Lionsgate (NYSE: LGF.A, LGF.B) to build a major new production facility in Newark. The facility will be owned and operated by Great Point Studios. As the facility’s long-term anchor tenant, Lionsgate will receive naming rights for the studio. NJPAC will manage public affairs and community relations for the studio and create educational programs and internships for Newark high school and college students.

The facility will be the first purpose-built studio in New Jersey for television and film production. It will be located in the South Newark neighborhood on the site of the former Seth Boyden Housing site, which is conveniently located near Newark Liberty International Airport, the Port of Newark, NJ TRANSIT, the PATH system and several major highways. Operations are expected to begin in late 2024.

Active encouragement from New Jersey Governor Phil Murphy, in addition to recently passed film and television incentive legislation, helped attract Lionsgate to New Jersey.

“One of my administration’s priorities has been to strengthen New Jersey’s motion picture industry and create new sources of revenue for our state,” Governor Murphy said. “With the addition of Lionsgate Newark Studio, New Jersey will solidify its position as a television and film production hub with its proximity to all forms of transportation and access to more than 14,000 qualified union members in the region. As a result, the introduction of Lionsgate Newark Studio not only promotes the economic vitality of our state, but also provides good jobs and access to opportunity for all members of the South Ward community.”

“The completion of a project of this magnitude in Newark is a monumental victory for our city,” said Newark Mayor Ras Baraka. “It will bring hundreds of new jobs, create new educational opportunities for our students and energize the revitalization of the South District.”

Great Point Studios founder Robert Halmi has drawn on decades of experience as the founder of the Hallmark Channel and a producer of over 400 film and television projects to create a facility that meets the needs of film and television productions from around the world. ‘today.

The modern 300,000 square foot full-service entertainment complex will include production stages ranging from 20,000 to 30,000 square feet, offices, support space and parking for 400 cars and 65 trucks. The facility will offer a full suite of on-site production services, including grip and electrical, equipment, props, set construction, restaurants, on-site catering, cleaning service and security. It is expected to create more than 600 new long-term jobs, with priority given to Newark residents, and generate more than $800 million in annual economic impact for Newark and New Jersey.

“We have a shared vision for the future of the entertainment industry, and it’s reflected in every detail we put into this resort,” said Robert Halmi, Founder and CEO of Great Point Studios. “Given the increase in studio production post Covid, we are confident that expanding our studio program in New Jersey will be a welcome addition.”

“This is a great opportunity to expand our studio footprint on the East Coast with our partners at Great Point Studios and the New Jersey Performing Arts Center to support our strong film and television production,” said the CEO of Lionsgate, Jon Feltheimer. “Lionsgate Studios Newark is also an important part of our commitment to diversity, equity and inclusion, allowing us to create hundreds of jobs, provide educational opportunities for local students and contribute to the economic revitalization of Newark’s Southside.”

NJPAC originated the idea for the project with the City of Newark and the Newark Housing Authority, developed a coalition of partners, and worked together to bring the project to public announcement.

“NJPAC continually seeks opportunities to act as a catalyst for economic development in its hometown of Newark,” said NJPAC CEO John Schreiber. “We are grateful to Mayor Baraka and the Newark Housing Authority for embracing our plan to bring a world-class motion picture studio back to the city where celluloid film was invented and to Governor Murphy for creating tax incentives to make New Jersey more attractive for film, and especially for developing studios, like Lionsgate Newark, without their collective efforts, this project would not have seen the light of day.

The 12-acre, over $125 million facility will be owned by a joint venture between Great Point Studios and its institutional partner, a subsidiary of Lindsay Goldberg, a private investment firm focused on partnering with entrepreneurs and family businesses. to help them grow. . Matrix Development will serve as the project developer and Gensler, a global architecture, design and planning firm with over 3,500 active clients, has signed on to lead the way in overall architecture and planning.

About LIONSGATE
Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class film and television studio operations aligned with the STARZ premium global subscription platform to deliver a unique and diverse portfolio of entertainment to consumers around the world entire. The company’s film, television, subscription and location-based entertainment businesses are backed by a library of 17,000 titles and a valuable collection of iconic film and television franchises. A digital-age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original and relevant entertainment for audiences around the world.

About GREAT POINT STUDIOS
Great Point Studios is a media-focused investment fund specializing in film and television infrastructure. It was founded by Robert Halmi and Fehmi Zeko. They are currently expanding into new studio investment/management ventures in other locations in North America and the UK.

Robert Halmi is the founder of Hallmark Channel and was president of Crown Media. Robert has served as CEO of four public companies. As President and CEO of Hallmark Entertainment, Robert transformed the company from a small production company into one of the first modern studios, with production, distribution and broadcast all in one company. Under Halmi’s leadership, Hallmark Entertainment has produced over 2,000 hours of original content. Halmi is an active member of the Academy of Television Arts and Sciences and sits on the board of the International Emmy Committee.

Fehmi Zeko is the founding partner of Great Point Studios. Zeko has set a record for helping global technology, media and telecommunications clients build strong businesses and deliver profitable growth through landmark M&A, turnaround and growth initiatives. Fehmi led banking strategies in global communications, media, entertainment and telecommunications at Bank of America, Macquarie Capital and Citigroup. Fehmi has had consistent success providing operating advice and capital to drive the completion of hundreds of transactions and raise hundreds of billions in equity and debt capital. He has built, led and/or expanded market sector practices at leading institutions through long-standing corporate relationships with clients such as Viacom, Lionsgate, Newscorp, Fox, Time-Warner, Comcast NBCUniversal , Cablevision, Disney, CBS, Yahoo, Facebook, Sony, Warner Music, Thomson Reuters, Bertelsmann, Vivendi, Sprint, American Tower, Apollo, Bain, TPG, KKR, TH Lee and Blackstone, among others.

About NJPAC
The New Jersey Performing Arts Center (NJPAC), located in downtown Newark, New Jersey, is one of the largest performing arts centers in the United States. It’s the artistic, cultural, educational and civic center of New Jersey – where great shows and events enhance and transform everyday life. As New Jersey’s town square, NJPAC brings together diverse communities, providing access for all and showcasing the best artists from the state and the world, while acting as a leading catalyst in the revitalization of its city. native. Through its extensive arts education programs, NJPAC shapes the next generation of artists and art lovers. NJPAC has attracted more than 10 million visitors (including nearly 2 million children) since its opening in 1997 and maintains meaningful and lasting relationships with each of its members. Visit www.njpac.org for more information.

About Lindsay Goldberg
Lindsay Goldberg is a private investment firm focused on partnering with families, founders and management teams looking to actively grow their businesses. Since 2001, Lindsay Goldberg has raised over $17 billion in equity and invested in over 50 platform companies and over 250 follow-on opportunities. For more information, visit www.lindsaygoldbergllc.com.

About MATRIX DEVELOPMENT GROUP
Matrix Development Group is a private, full-service real estate investment and development company with offices in New Jersey. The company is an active investor and developer of commercial, industrial, residential, golf and hospitality properties in the Northeast and Mid-Atlantic regions. Since its founding in 1979, the company has developed a multi-billion dollar real estate portfolio that has been recognized for its leadership by numerous charities, community and real estate organizations.

About GENSLER
Gensler is a global architecture, design and planning firm with 50 locations in Asia, Europe, Australia, the Middle East and the Americas. Founded in 1965, the company serves more than 3,300 active customers in virtually every industry. Technological innovations, new consumer behaviors and the impact of the global health crisis are pushing media workplaces, studios, newsrooms and campuses to embrace change. Gensler partners with its customers to provide bespoke design solutions specifically tailored to meet new expectations. We create engaging workplaces that help industry-leading media clients attract creative talent, create a rewarding work experience and connected culture, and forge new territory while staying grounded in authenticity. Gensler’s media clients include NFL Media, DreamWorks, Comcast, Washington Post, New York Times, Conde Nast and Audacy.