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Legendary Kaufman Astoria Studios has been sold sold

Legendary Kaufman Astoria Studios has been sold sold

The New York-based film and production hub Kaufman Astoria Studios has been bought by venture capital firms Hackman Capital Partners and Square Mile Capital Management.

The studio's 500,000 square feet is a building built in 1920, and was the home of Paramount Picturess original owners and stood for the backdrop of more than 100 silent films. More recently, Sesame Street, Orange Is the New Black, The Irishman and Ecean' 8 were filmed at the Queens campus. The venue has 11 sound stages and New York only studio backlot has 200,000 square meters.

The ventures independent studio assets are: The Culver Studios (where Amazon Studios shoots) in Los Angeles; Television City Studios in West Hollywood; the MBS Media Campus (home to James CameronS Lightstorm Studios); Eastbrook Studios, which is currently under construction and will be London's largest studio complex.

The studio has been in the history of the past 90 years and is an incredibly active and involved investor in improving the entire Astoria neighborhood. We are excited to work with Hal Rosenbluth and the whole KAS team as a result of its success and success in producing the best manufacturing facilities in this industry.

Hal Rosenbluth, president and CEO of Kaufman Astoria Studios, says that the company is excited to start a new chapter in our 100+ year history.

To remain a key to our success, Rosenbluth said. The longstanding commitment of George Kaufman has been paramount to promoting the greater Astoria community and extending its reputation as an iconic studio. We are thrilled that the film and television industry will continue to grow as renowned businesses.

The acquisition of the legendary Kaufman Astoria Studios by our investment partnership is another huge step forward as we continue to build a portfolio of iconic studio properties. As demand for facilities and production services wane, we will continue seeking more opportunities to serve the growing content market.

Kaufman Astoria was represented by Jefferies Group, Olshan Frome Wolosky LLP and Simpson Thacher & Bartlett a.k.as for this transaction.