ATLANTA and WILMINGTON, N.C., Sept. 27, 2023 ~ Cinespace Studios has announced the acquisition of EUE/Screen Gems studio campuses in Atlanta and Wilmington, expanding their global network of production resources. The locations will now operate as Cinespace Atlanta and Cinespace Wilmington.

"We're excited to announce our expansion into Atlanta and Wilmington," said Ashley Rice, President & Co-Managing Partner of Cinespace Studios. "Through the strategic acquisition of these well-regarded studio facilities, we're expanding our footprint in the industry and commitment to supporting every type of creative need."

The Atlanta studio boasts 360,000 square feet of production space across 13 sound stages, with recent expansions adding new office space, additional support space, and 3 brand new purpose-built sound stages each over 21,000 square feet. The studio is currently home to Netflix's Stranger Things. The Wilmington production facility is 10 column-free and purpose-built sound stages totaling 152,000 sq. ft of shooting space alongside construction mills and office spaces. In the past 40 years, the Wilmington studio has hosted more than 400 productions including Marvel Studios' Iron Man 3, Amazon Studios' The Summer I Turned Pretty, and Showtime's George & Tammy.

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Eoin Egan, COO & Co-Managing Partner at Cinespace Studios said: "The Cooney family has successfully built two great companies in both Atlanta and Wilmington. We're looking forward to welcoming both studio operations teams into Cinespace and will continue to offer a best-in-class service to production."

Chris Cooney CEO at EUE/Screen Gems Ltd added: "We believe that Cinespace Studios will carry forward the legacy we've crafted to new heights. Their industry expertise combined with their outstanding team and commitment to the local communities where they operate sets the stage for a successful future."

Local officials have welcomed this move by Cinespace Studios with open arms. Atlanta Mayor Andre Dickens commented: "The City of Atlanta welcomes Cinespace Studios under their new ownership. We look forward to collaborating with the studio to expand our city's legacy as an incubator for storytellers, innovators, and entertainment industry professionals – both in front and behind the camera." Wilmington Mayor Bill Saffo continued: "Wilmington's reputation as a sought-after destination for film and television will continue with Cinespace Studios' new ownership. We look forward to collaborating and supporting productions in our coastal community." Deputy Commissioner of the Georgia Film Office Lee Thomas said: "We are thrilled that Cinespace Studios has chosen Georgia for their expansion." Director of the North Carolina Film Office Guy Gaster added: "We extend a warm welcome to Cinespace Studios as they become part of North Carolina's rich history of film and TV excellence."

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Allen & Company LLC served as financial advisor to EUE Screen Gems during this acquisition process. With this strategic move by Cinespace Studios they are now able provide a diverse portfolio of studios and resources under one global network for productions of all sizes.

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