Latest news with #HollywoodParkStudios
Yahoo
13-05-2025
- Business
- Yahoo
New Hollywood Park Studios To Host International Broadcast Center For LA Olympic Games
Hollywood Park Studios, a major urban mixed-use development by Los Angeles Rams owner and Chairman E. Stanley Kroenke, will develop a state-of-the-art movie studio and production facility that will house the International Broadcast Center for the 2028 Olympic and Paralympic Games in LA. The Center will host media from around the world with rights to distribute coverage of the Games with offices, studios, control rooms and other services when the historic event comes to Los Angeles. More from Deadline Rams Cut Cooper Kupp After 8 Years & Trade Fail: "Next Chapter Starts Now" NFL Heading To Australia In 2026: Los Angeles Rams To Host First Regular Season Game In Melbourne Cooper Kupp Says LA Rams Seeking Trade: "I Don't Agree With The Decision" Following the Games, Hollywood Park Studios will be available for use for studio production and operations. Construction is set to begin later this month on the 300-acre destination in Inglewood anchored by SoFi Stadium, YouTube Theater and the NFL Media office building, along with retail stores, restaurants and a hotel. SoFi Stadium will be converted into the largest Olympic Swimming venue in history during the Games and will host the Opening Ceremony together with the LA Memorial Coliseum, as well as the Opening Ceremony for LA's first ever Paralympic Games. The first phase of Hollywood Park Studios across 12 acres will consist of five sound stages, each 18,000 square feet, two of which open to a single 36,000 square foot stage. HPS will have a three-story 80,000-square foot office building to support stage, production, and post-production activities. a dedicated open base camp area, and a parking structure that can accommodate 1,100 cars. The ground level features a 20- foot tall bay area to accommodate sixty trailers with power to support movie production activities. The location will have mill facilities and full equipment rental services. The campus provides for additional phased development of up to 20 build-to-suit stages, 200,000 square feet of related office space and additional parking. The first phase and future development will be connected to the campus-wide fiber ring and power centers. It rises as California is in the process of greatly expanding state incentives for film and TV production. Global Architecture and Design Firm Gensler spearheaded the design for HPS, Clayco will serve as the general contractor, and Pacific Edge as project manager, with financing arranged by Guggenheim Investments. 'The vision for Hollywood Park has always been to build a city within a city combining media, entertainment and technology that will transform the greater Los Angeles area. We are thrilled to expand the role we will play in the 2028 Olympic and Paralympic Games' and beyond, Kroenke said. 'LA28 is proud to be the inaugural tenant of this new state-of-the-art studio in the heart of Inglewood, a key Venue City for the 2028 Games,' said LA28 CEO Reynold Hoover. 'The International Broadcast Center will serve as one of our first fully operational facilities for the Games, capturing every inspiring moment … We're excited to collaborate with our valued partners at Hollywood Park, the Olympic Broadcasting Service, International Olympic Committee, and International Paralympic Committee to create a world-class broadcast hub that will showcase the best of Los Angeles to billions of viewers.' Best of Deadline TV Show Book Adaptations Arriving In 2025 So Far Book-To-Movie Adaptations Coming Out In 2025 2025-26 Awards Season Calendar: Dates For Tonys, Emmys, Oscars & More
Yahoo
13-05-2025
- Business
- Yahoo
Olympics broadcast center and movie studio coming to Hollywood Park
Rams owner Stan Kroenke will build a movie studio next to SoFi Stadium in Inglewood that will serve as the international broadcast center for the 2028 Olympic Games. Construction will start by summer on the studio and production facility that will house hundreds of broadcasters from around the world that have acquired rights to cover the Summer Games in Los Angeles, Kroenke's company said Tuesday. After the Games, the facility known as Hollywood Park Studios will be used to make movies, television shows and other productions and perhaps host live broadcasts. The development is part of Hollywood Park, a multibillion-dollar complex built on the site of a former horse racing track also known as Hollywood Park that includes the stadium, apartments, theaters, offices, shops and restaurants. A luxury hotel is under construction there, and more development including a grocery store and medical offices is being considered. Kroenke's organization hopes that attention from the Olympics will boost Hollywood Park Studios' appeal as a future entertainment production center. "We want it to be recognized around the world," said Alan Bornstein, who is overseeing development of the studio for Kroenke. Read more: New hotel at SoFi Stadium to cater to athletes and fans The studio is part of Hollywood Park's master development plan focusing on media, entertainment and technology, Bornstein said, anchored by SoFi Stadium, YouTube Theater and the NFL Media office building. "There has been an increasing convergence of media and technology and sports, all under the notion of entertainment that is now distributed in in multiple channels," Bornstein said, "whether it's through streaming or whether through broadcast television or movies in theaters," The first phase of Hollywood Park Studios will occupy 12 acres and will consist of five soundstages, each 18,000 square feet, two of which may be opened to a single 36,000-square-foot stage. The complex will have a three-story, 80,000-square-foot office building to support stage, production and postproduction activities. The studios will have a dedicated open base camp where trucks, equipment and actors' trailers could be placed, along with a parking structure for 1,100 cars. Future development could include as many as 20 stages and 200,000 square feet of related office space. The additional stages would be built to suit for future tenants as demand emerges, Bornstein said, who declined to estimate how much the studio complex will cost. Although demand for soundstages outstripped supply a few years ago, production has recently slowed and dampened the current need for them. Last year, the average annual occupancy rate dropped to 63%, a further indication of Hollywood's sustained production slowdown, according to a recent report by FilmLA, a nonprofit organization that tracks on-location shoot days in the Greater Los Angeles area. That was a decline from 2023, which saw an average regional occupancy rate of 69%. That was the year when dual strikes by writers and actors crippled the local production economy for months. The foray into Hollywood-level production facilities is part of Kroenke's goal to combine sports, entertainment and media from around the world, Bornstein said. In addition to the Rams, Kroenke is owner of the Denver Nuggets basketball team, the Colorado Avalanche hockey team, the Colorado Rapids soccer team, the Colorado Mammoth lacrosse team and Arsenal Football Club, the Premier League soccer team based in London. SoFi Stadium, where the Chargers also play football, will be converted into the largest Olympic swimming venue in history during the Games in 2028. It will host the Olympic opening ceremony with the Los Angeles Memorial Coliseum, as well as the opening ceremony for the Paralympic Games. Kroenke is also a major real estate developer and landlord. The 300-acre Hollywood Park project is one of the largest mixed-use developments under construction in the western United States. SoFi Stadium alone cost $5 billion to build. Read more: Rams' new headquarters to be centerpiece of ambitious Warner Center development project Last month, he also unveiled plans for a new Rams headquarters on a 100-acre site at Warner Center in Woodland Hills that would include a residential and retail community intended to be the centerpiece of the San Fernando Valley. It could cost more than the total price of Hollywood Park, which has been valued by outside observers at more than $10 billion. Creating a second epicenter in Woodland Hills allows the Rams to significantly increase the size of their footprint in the Southern California market. 'When you're looking to do a practice facility, you don't need to be right in the middle of everything, and typically that real estate is very expensive,' Kroenke told The Times. 'We built an identity in the Valley, with Cal Lutheran, and a lot of our players and families are up there. Our experience was really good.' Architecture firm Gensler spearheaded the design for the Warner Center headquarters and Hollywood Park Studios. Clayco will be the general contractor for the studio, with Pacific Edge acting as project manager. Financing was arranged by Guggenheim Investments. Times staff writer Sam Farmer contributed to this report. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times.
Straits Times
13-05-2025
- Business
- Straits Times
Hollywood Park Studios to serve as broadcast hub for LA Olympics
A drone view of Los Angeles Coliseum, as it was announced it will host the opening ceremonies of the 2028 Olympics along with SoFi Stadium in a dual event, closing ceremony, and host the opening of the Paralympic Games in 2028, making it the first facility to host events for 3 Olympic Games in Los Angeles, California, U.S., May 8, 2025. REUTERS/Mike Blake LOS ANGELES - A film studio and production facility set to be built in Inglewood by Rams owner Stan Kroenke will host international broadcasters of the 2028 Olympic and Paralympic Games in Los Angeles, Hollywood Park said on Tuesday. Hollywood Park Studios (HPS) will be located in Hollywood Park, the 300-acre site that is home to SoFi Stadium and the largest urban mixed-use development under construction in the Western U.S. The studios will initially serve as the host site for the International Broadcast Center (IBC) for the Games, housing hundreds of media rights holders from around the world who distribute coverage of the Games. "LA28 is proud to be the inaugural tenant of this new state-of-the-art studio in the heart of Inglewood, a key venue city for the 2028 Games," LA28 CEO Reynold Hoover said. "The International Broadcast Center will serve as one of our first fully operational facilities for the Games, capturing every inspiring moment of the LA28 Games." Kroenke said his vision for Hollywood Park has always been to build "a city within a city" combining media, entertainment and technology in the greater Los Angeles area. "We are thrilled to expand the role we will play in the 2028 Olympic and Paralympic Games by hosting the International Broadcast Center and the global media outlets who will call it home during that summer," Kroenke said in a statement. "Beyond 2028, Hollywood Park Studios will be open to welcome a new industry to our live, work, play destination and bring a little bit of Hollywood to Hollywood Park." Construction on HPS will begin later this month. SoFi Stadium, which was financed by Kroenke at a cost of $5.5 billion and opened in 2020, will be converted into the largest Olympic swimming venue in history during the Games and will host the opening ceremony along with LA Memorial Coliseum. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
13-05-2025
- Business
- The Star
Olympics-Hollywood Park Studios to serve as broadcast hub for LA Olympics
A drone view of Los Angeles Coliseum, as it was announced it will host the opening ceremonies of the 2028 Olympics along with SoFi Stadium in a dual event, closing ceremony, and host the opening of the Paralympic Games in 2028, making it the first facility to host events for 3 Olympic Games in Los Angeles, California, U.S., May 8, 2025. REUTERS/Mike Blake LOS ANGELES (Reuters) -A film studio and production facility set to be built in Inglewood by Rams owner Stan Kroenke will host international broadcasters of the 2028 Olympic and Paralympic Games in Los Angeles, Hollywood Park said on Tuesday. Hollywood Park Studios (HPS) will be located in Hollywood Park, the 300-acre site that is home to SoFi Stadium and the largest urban mixed-use development under construction in the Western U.S. The studios will initially serve as the host site for the International Broadcast Center (IBC) for the Games, housing hundreds of media rights holders from around the world who distribute coverage of the Games. "LA28 is proud to be the inaugural tenant of this new state-of-the-art studio in the heart of Inglewood, a key venue city for the 2028 Games," LA28 CEO Reynold Hoover said. "The International Broadcast Center will serve as one of our first fully operational facilities for the Games, capturing every inspiring moment of the LA28 Games." Kroenke said his vision for Hollywood Park has always been to build "a city within a city" combining media, entertainment and technology in the greater Los Angeles area. "We are thrilled to expand the role we will play in the 2028 Olympic and Paralympic Games by hosting the International Broadcast Center and the global media outlets who will call it home during that summer," Kroenke said in a statement. "Beyond 2028, Hollywood Park Studios will be open to welcome a new industry to our live, work, play destination and bring a little bit of Hollywood to Hollywood Park." Construction on HPS will begin later this month. SoFi Stadium, which was financed by Kroenke at a cost of $5.5 billion and opened in 2020, will be converted into the largest Olympic swimming venue in history during the Games and will host the opening ceremony along with LA Memorial Coliseum. (Reporting by Rory Carroll in Los Angeles; Editing by Peter Rutherford)
Reuters
13-05-2025
- Business
- Reuters
Hollywood Park Studios to serve as broadcast hub for LA Olympics
LOS ANGELES, May 13 (Reuters) - A film studio and production facility set to be built in Inglewood by Rams owner Stan Kroenke will host international broadcasters of the 2028 Olympic and Paralympic Games in Los Angeles, Hollywood Park said on Tuesday. Hollywood Park Studios (HPS) will be located in Hollywood Park, the 300-acre site that is home to SoFi Stadium and the largest urban mixed-use development under construction in the Western U.S. The studios will initially serve as the host site for the International Broadcast Center (IBC) for the Games, housing hundreds of media rights holders from around the world who distribute coverage of the Games. "LA28 is proud to be the inaugural tenant of this new state-of-the-art studio in the heart of Inglewood, a key venue city for the 2028 Games," LA28 CEO Reynold Hoover said. "The International Broadcast Center will serve as one of our first fully operational facilities for the Games, capturing every inspiring moment of the LA28 Games." Kroenke said his vision for Hollywood Park has always been to build "a city within a city" combining media, entertainment and technology in the greater Los Angeles area. "We are thrilled to expand the role we will play in the 2028 Olympic and Paralympic Games by hosting the International Broadcast Center and the global media outlets who will call it home during that summer," Kroenke said in a statement. "Beyond 2028, Hollywood Park Studios will be open to welcome a new industry to our live, work, play destination and bring a little bit of Hollywood to Hollywood Park." Construction on HPS will begin later this month. SoFi Stadium, which was financed by Kroenke at a cost of $5.5 billion and opened in 2020, will be converted into the largest Olympic swimming venue in history during the Games and will host the opening ceremony along with LA Memorial Coliseum.
