Recapitalization Will Steering Ongoing Enlargement Into New Geographies and Incremental Supplier Choices Amid Enhanced Call for for Articles
Rebrands as ‘Shadowbox Studios’ – a Top of the range Soundstage Infrastructure and Products and services Company
ATLANTA, June 14, 2022–(Group WIRE)–Shadowbox Studios (“Shadowbox”), a high quality operator of objective-created soundstage facilities, at this time offered a strategic expense from Silver Lake, the arena chief in era making an investment. The expense features a cash choice of $500 million that may lend a hand Shadowbox’s growth machine, together with current soundstage development duties within the Atlanta, London, and Los Angeles metro spaces with above $1.5 billion of expected capital economic funding. Silver Lake will partner with current investor Commonwealth Asset Management, which is still the bulk shareholder.
Shadowbox develops, owns, and operates purpose-developed, condition-of-the-art soundstage products and services uniquely situated to fulfill the needs of a emerging market of ingenious written content material manufacturers. With this added investment, Shadowbox can be supplied to increase on its based portfolio and scale its possible choices to satisfy the expanding need for top of the range soundstages during the globe.
“The mix of Shadowbox’s main amenities in tier a unmarried manufacturing hubs and deep associations around the technology panorama we could the corporate to lend a hand the arena’s main content material manufacturers as they increase their corporations,” mentioned Lee Wittlinger, Dealing with Director at Silver Lake, who has joined Shadowbox’s board together with Silver Lake Director Chip Schroeder. “Shopper call for from shoppers for high quality movie and Tv set written content material, coupled with the emerging vary of manufacturers, has pushed oversized need for soundstage capacity. There’s a in depth runway for the growth of the whole sector, and we’re overjoyed to partner with Shadowbox to increase the corporate’s help choices and ship top of the range soundstage products and services within the main world production markets.”
Shadowbox’s present footprint is composed of:
Atlanta Metro Spot: Shadowbox recently operates an 850,000 sq. foot studio facility with 9 soundstages in Atlanta, GA that has been belongings to blockbuster traits those as Jumanji: The Up coming Level, Jungle Cruise and Godzilla: King of the Monsters. The group may be growing an extra 1.2 million sq. foot position like 22 new soundstages. Upon of entirety of this growth, Shadowbox’s footprint in Atlanta will complete 31 soundstages and exceed two million sq. toes.
London Metro Area: Shadowbox in recent years finished the unique 150,000 sq. foot degree of its virtually a unmarried million sq. foot Shinfield Studios enterprise in the UK, which is totally leased to an individual of the arena’s greatest content material creators. Pursuing of entirety of the remainder development, the trade will paintings 18 phases within the London house.
Los Angeles Metro House: As well as, Shadowbox is recently organising a 19 soundstage, round 1.3 million sq. foot reason-designed studio campus in Santa Clarita, CA.
Upon of entirety of those building assignments, Shadowbox can have and perform a portfolio of 68 soundstages and over 4.2 million sq. ft of leasable area, making it one of the crucial greatest operators within the sector. Along with providing true property knowledgeable products and services to its shoppers, Shadowbox additionally offers productions with lighting fixtures and grip leases via its wholly owned subsidiary, Lamp Dock, as successfully as different crucial on-great deal knowledgeable products and services.
“Supporting big-scale productions with finest-in-course products and services is Shadowbox’s bread and butter. From the corporate’s roots as a solitary information superhighway web page operator, we have now worked with group communities within the Atlanta, London, and Los Angeles puts to construct way more areas anywhere articles creators can specific on their very own when additionally providing loads of employment to within reach marketplaces,” discussed Adam Fisher, Founder and CEO of Commonwealth Asset Control and a Director of Shadowbox. “Our partnership with Silver Lake indicates an important step ahead for our Shadowbox platform, no longer best via providing substantial enlargement money for the trade, but in addition via rising our associations within the enjoyment and expertise communities which can be integral to Shadowbox’s long run.”
To higher align with its subsequent length of building, the company has followed new branding that embodies the values and creative eyesight using the group.
“We selected Shadowbox to constitute the corporate going forward as a symbol of each similarly the real bodily and imagined areas supported via our machine,” further Peter Rumbold, Commonwealth’s Head of Severe Property and Director of Shadowbox. “Our condition-of-the-artwork amenities physically exist as ‘shadowboxes’ during which our clientele can execute their creative endeavors. We’re happy to supply one of the most international’s high imaginative ability the home to supply characters and tales to way of life in premier soundstages sponsored via best-in-class advent answers.”
Deutsche Lender, EY and Sidley Austin represented Shadowbox at the transaction. Further criminal serve as used to be finished via Farrer & Co. and King & Spalding. Latham & Watkins represented Silver Lake.
About Shadowbox Studios
Established in 2017, Shadowbox Studios (previously Blackhall Studios) develops, owns, and operates cutting-edge soundstages for film and media advent, and gives a collection of on-web website online lend a hand products and services for purchasers. Shadowbox at this time operates soundstage campuses in Atlanta and the UK, with extra vigorous trends within the Atlanta, London, and Los Angeles metro spaces. For added main points, discuss with www.shadowboxstudios.com.
About Silver Lake
Silver Lake is a global technological innovation economic dedication company, with further than $88 billion in merged belongings underneath management and dedicated price range and a gaggle of mavens based totally in North America, Europe and Asia. Silver Lake’s portfolio companies jointly generate roughly $254 billion of earnings in line with yr and employ more or less 557,000 other people globally.
About Commonwealth Asset Management
Commonwealth Asset Control is a Los Angeles based totally economic dedication management machine that manages someplace round $1.7 billion in belongings. Commonwealth focuses its economic dedication purposes in 4 main classes: True Property, International Macro, Digital Belongings and Opportunistic Enlargement. Every of those expenditure procedures demonstrates Commonwealth’s prime-down macro-financial resolution, meticulously formulated expense philosophy and contiguity to technological innovation.
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