close
close

Raleigh Studios will be operated through a new strategic partnership between Hackman Capital and MBS Group

Raleigh Studios, the oldest continuously operating film and television production facility in the country, is now operated by Hackman Capital Partners and its subsidiary, MBS Group.

The move is part of a strategic partnership between Raleigh, Hackman Capital and MBS. Financial details of the agreement were not disclosed in an announcement. The 10-acre 1915 Raleigh complex features 13 sound stages on a campus across from the Paramount Pictures lot, the original site of the Hollywood production.

More from Deadline

Raleigh, which began as Clune Studios, sponsored the original United Artists at its inception and served as the backdrop for a number of well-known film and television productions. In the 1980s, the company expanded its offerings and built some of the first sound stages in LA in decades.

Through the new strategic venture, HCP and MBS will also assume operational control of Saticoy Studios in Raleigh, a 49,500 square foot studio facility in Van Nuys in Los Angeles' San Fernando Valley. Saticoy features two sound stages, office and production support rooms and is the home base for the syndicated game show Let's make a deal.

Hackman and MBS have assembled a portfolio of manufacturing facilities, equipment and services in multiple cities. His list includes Culver Studios, the fabled setting for films like Blown by the wind and now home to Amazon Studios; Television City Studios, the former CBS broadcast facility near the corner of Fairfax and Beverly; and the established Silvercup Studios in New York City. The company also controls the MBS Media Campus in Manhattan Beach, California; Second Line Stages in New Orleans, LA; and Eastbrook Studios, under construction in London.

Before the coronavirus brought almost everything to a standstill in the spring of 2020, production was booming and stage capacity was tight. Even as Covid-19 continues to cause complications, the rise of streaming services has continued to make the services business an important part of the entertainment ecosystem, even as investors take a long-term view during the pandemic.

“As the world's leading independent owner and operator of studio properties, we are excited for the opportunity to build this relationship with Raleigh Studios and the Rosenthal family, who have been an incredible steward of this property for 41 years,” said Hackman Capital Partners, CEO Michael Hackman said. “We are excited to become part of the legacy of this historic property.”

Mark Rosenthal, CEO of Raleigh Studios and Raleigh Enterprises, added: “Both George Rosenthal, our founder and chairman, and I are excited about this strategic venture with Michael Hackman, his team and his partners. It feels like a homecoming as many of MBS Group’s key executives and managers were formerly part of the Raleigh family, making the transition easier for our incredible Raleigh employees and our valued tenants and customers.”

Best of Deadline

Sign up for the Deadline newsletter. For the latest news, follow us on Facebook, Twitter and Instagram.

Anna Harden

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *