×

Lionsgate Planning $100 Million New York Studio Complex

Great Point Capital Management has signed a deal with Lionsgate to build a new production facility in Yonkers, NY, with Lionsgate becoming a long-term anchor tenant and investor.

As anchor tenant, Lionsgate will have naming rights to the studio. Construction on the site will start in November, and the facility will be running in late autumn 2020.

The $100 million complex will include three 20,000-square-feet and two 10,000-square-feet stages, a fully operational back lot and the opportunity to create a location-based entertainment property. Lionsgate has already established similar properties in China and the Middle East.

Great Point is a media-focused investment fund run by Robert Halmi and Fehmi Zeko. National Resources will be an investment partner and project developer, responsible for all phases of design and construction of the studio complex.

The studio complex will be located on the Hudson River in downtown Yonkers along the newly created Saw Mill River Plaza and next to the new Yonkers train station. It’s about 30 miles north of Manhattan. Lionsgate is a minority investor.

“We’re pleased to partner with the Great Point and National Resources teams on a modern film and television production complex that will provide a great home for many of our content creation initiatives,” said Lionsgate CEO Jon Feltheimer.  “It’s rare to find a studio facility in such a prime New York metropolitan area location, and we look forward to being at the center of film and television production growth in the region.”

The fund is advised by London-based Great Point Media Group, which is owned by Jim Reeve and Halmi. It has provided investment and arranged financing for more than 50 production companies, with clients including Netflix, Amazon, Hulu, Lionsgate, Google, Sky, BBC, ITV, Universal, AMC, Hallmark, Sony and Paramount.

Lionsgate posted revenues and operating income above Wall Street projections in its most recent quarter amid growth from premium cabler Starz and a strong performance from “John Wick: Chapter 3.” Lionsgate also reported revenue of $963.6 million for the quarter, which ended June 30.

More Film

  • Tom Holland Chris Pratt Onward Premiere

    Tom Holland and Chris Pratt Show Off Real-Life Bond at Pixar's 'Onward' Premiere

    Pixar’s new movie “Onward” marks a reunion of sorts for Tom Holland and Chris Pratt. The two actors, who both have ties to Disney’s Marvel Cinematic Universe and most recently teamed in “Avengers: Endgame” as Spider-Man and Star-Lord, play brothers in the animated fantasy adventure. Their friendship has become a highlight of “Onward’s” promotional tour [...]

  • Mahershala AliThe Academy Awards Nominees Luncheon,

    Mahershala Ali to Star in Drama Film 'Swan Song' for Apple TV Plus

    Two-time Oscar winner Mahershala Ali is producing and starring in the genre-bending drama feature “Swan Song” for Apple TV Plus, with production starting in the spring. The film will be produced by Apple and Anonymous Content. “Swan Song” will be directed by Academy Award winner Benjamin Cleary, who also wrote the project. Cleary won the [...]

  • Disney's MULAN..Mulan (Yifei Liu)..Photo: Film Frame..©

    'Mulan' Is Disney's First Live-Action Remake to Get a PG-13 Rating

    “Mulan” may not be for very young children, as it’s become the first Disney live-action remake to receive a PG-13 rating. The new take on the Disney classic got the rating from the Motion Picture Association of America due to the “sequences of violence” apparently depicted in the film. All previous live-action remakes from the [...]

  • They Call Me Dr. Miami

    Berlin: Cargo Film's Plastic Surgery Doc 'They Call Me Dr. Miami' Unveils Trailer (EXCLUSIVE)

    Variety can exclusively reveal the trailer for “Playing Hard” director Jean-Simon Chartier’s feature documentary “They Call Me Dr. Miami,” which is being shopped to buyers at the EFM this week. Commissioned by Documentary Channel and set to bow at the Miami International Film Festival next month, the film follows Dr. Michael Salzhauer — also known [...]

  • The Call of the Wild

    Harrison Ford's 'Call of the Wild' Battles 'Sonic the Hedgehog' at Box Office

    “Sonic the Hedgehog” will have to worry about more than just a waxy mustached villain this weekend. Paramount’s family film will face box office competition from another kid-friendly adventure, Disney and 20th Century’s “The Call of the Wild.” Harrison Ford and a dog named Buck star in “The Call of the Wild,” the latest big-screen adaptation [...]

  • The Call of the Wild

    'Call of the Wild' Composer on How Music Became Protagonist Dog's Voice

    Jack London’s “The Call of the Wild” ranks as one of the most famous books about a canine ever written. So director Chris Sanders knew that the composer of his film adaptation simply had to be a dog lover. Luckily, Sanders’ “How to Train Your Dragon” composer, John Powell, has two standard poodles. And when [...]

More From Our Brands

Access exclusive content