×

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

  • They Shall Not Grow Old restoration

    Peter Jackson Documentary 'They Shall Not Grow Old' Nabs Limited China Release

    The Peter Jackson produced and directed World War I documentary “They Shall Not Grow Old” will hit Chinese theaters on November 11. Though it will roll out nationwide, it will do so via the China’s National Arthouse Alliance, which has limited screens. The 2018 documentary puts together interviews with WWI veterans and more than 100-year-old [...]

  • Zombieland Double Tap

    'Zombieland: Double Tap' Hopes to Recapture Raunchy Zombie Magic, 10 Years Later

    Audiences may have a few questions about the sequel to 2009’s hit “Zombieland,” which opens Friday. Why did it take 10 years to make a second one, after the first grossed $102.4 million worldwide on a $23 million budget, making it the third-biggest zombie movie of all time (second-biggest if you don’t count “Hotel Transylvania,” [...]

  • AMC TheatresShop signs, Los Angeles, America

    AMC Theatres Accused of Firing VP Who Complained of Gender Pay Gap

    A former vice president at AMC Theatres filed a federal lawsuit on Wednesday, accusing the company of firing her after she complained that she was paid far less than her male peers. Tonya Mangels, who was vice president of product marketing, said that in March 2018 her supervisor inadvertently sent her a spreadsheet that included [...]

  • Sir Elton John poses for photographers

    Elton John Calls 'Lion King' Remake a 'Huge Disappointment'

    Elton John isn’t feeling the love for Disney’s latest live-action remake. In an interview with GQ U.K., the legendary musician criticized Disney’s remake of “The Lion King,” citing the film’s music as a “huge disappointment.” “The new version of The Lion King was a huge disappointment to me, because I believe they messed the music [...]

  • Fiddlin'

    Film Review: 'Fiddlin''

    Not many forms of music have “old-” actually built into their name as a prefix. So it’s a given that the practitioners of the 200-year-old genre known as “old-time music” will wear their antiquity proudly in “Fiddlin’,” a documentary set in and around the 80th annual Old Fiddler’s Convention in Galax, Va. What may not [...]

  • Jonah Hill attends the press conference

    Jonah Hill Passes on Role in 'The Batman'

    After being offered a role in “The Batman,” Jonah Hill has moved on from the project. Why exactly Hill is passing is currently unknown, and insiders tell Variety that when the news was initially reported, it was very early in the negotiations and that a deal was far from closing. The news comes after Zoe [...]

  • Daniel Kaluuya Elizabeth Moss

    SCAD Savannah Film Festival Honorees Include Daniel Kaluuya, Elisabeth Moss

    Daniel Kaluuya, Elisabeth Moss, Danielle Macdonald, Aldis Hodge, Valerie Pachner, Samantha Morton, Sienna Miller, Alan Silvestri and Olivia Wilde are set to be honored at the 22nd Annual SCAD Savannah Film Festival. Breakout Award honorees include Beanie Feldstein, Kaitlyn Dever, Jharrel Jerome, Mena Massoud and Camila Morrone. Macdonald, who appears on Netflix in “Unbelievable” and [...]

More From Our Brands

Access exclusive content