Latest news with #StanKroenke
USA Today
22-05-2025
- Business
- USA Today
Rams owner Stan Kroenke releases statement on death of Colts owner Jim Irsay
Rams owner Stan Kroenke releases statement on death of Colts owner Jim Irsay The Indianapolis Colts announced that owner and CEO Jim Irsay died at the age of 65 on Wednesday afternoon, passing away 'peacefully in his sleep.' Irsay owned the Colts since 1997, becoming the youngest NFL team owner at the age of 37. Since he first started working for the Colts in 1984, the franchise won 316 regular-season games and 13 postseason games, winning one Super Bowl during his tenure with the team. He started out as the vice president and general manager in 1984 before becoming the owner and CEO in 1997. Following Irsay's death, Rams owner Stan Kroenke released a statement, sending his thoughts to the Irsay family and Colts organization, as well as Indianapolis fans. 'He loved his family, his team, his city and our league, and his commitment to our collective success helped move the NFL forward for many decades,' Kroenke said in the statement. In 2009, Irsay was opposed to a group led by Rush Limbaugh attempting to purchase the St. Louis Rams, voicing his concerns about that potential deal. "I, myself, couldn't even consider voting for him," Irsay said, via ESPN. "When there are comments that have been made that are inappropriate, incendiary and insensitive … our words do damage, and it's something that we don't need." Kroenke became the full owner of the Rams in 2010, gaining unanimous support from the other owners across the league.
Yahoo
14-05-2025
- Business
- Yahoo
Rams Owner Plots Major TV and Film Production Facility at Hollywood Park
Rams owner Stan Kroenke is looking to step into Hollywood, with the construction of a studio and production facility. Hollywood Park Studios will initially serve as the temporary hub for broadcasters that have acquired the rights to cover the 2028 Olympics, Kroenke's company announced Tuesday. After the summer games, it will be made available for film and TV production as part of a broader vision to transform the property into a media, entertainment and technology campus. More from The Hollywood Reporter Jon Voight's Hollywood Coalition Asks Trump to Consider Tax Incentives, Too New York Increases Film and TV Tax Credits to $800 Million to Compete for Hollywood Projects Who's Going to Halt Hollywood's Production Exodus - and How? The first phase of construction for Hollywood Park Studios calls for five 18,000 square foot soundstages, two of which will open to a single stage double that size, across 12 acres. It will also feature a three-story 80,000 square foot office building to support production and postproduction services, as well as some bells and whistles to support operations, including a 1,100 car capacity parking structure and garage that can accommodate sixty trailers. Depending on demand, as many as 20 soundstages and an additional 200,000 square feet of office space will be built. Kroenke's company joins a spate of private equity and real estate firms that rapidly acquired, constructed and expanded stage facilities before the strikes, betting on continuing demand for such space. This includes BARDAS Investment Group and Bain Capital Real Estate, which announced in 2022 a $600 million redevelopment of the former Television Center. Amid an increasingly crowded market of soundstage operators, a snapshot of production levels in Los Angeles showed a steep decline in stage occupancy over the past two years, highlighting the plunge in filming in the region, according to an April FilmLA report. Seventeen studios that operate the majority of stages in L.A. posted average occupancy rates of 63 percent last year, down from 69 percent in 2023. The figures mark a dramatic departure from the 93.5 percent rate that studios reported their stages were used from 2016 to 2022. By Kroenke's thinking, media and sports are increasingly converging as entertainment distribution expands through multiple mediums. '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,' Kroenke said in a statement. Beyond 2028, he added that the property will be 'welcome a new industry to our live, work, play destination and bring a little bit of Hollywood to Hollywood Park.' Hollywood Park Studios is a part of master development plans for the 300-acre mixed use property, which is anchored by SoFi Stadium, YouTube Theater and the NFL Media office building. It includes apartments, shops, restaurants and a movie theater, with the construction of a $300 million luxury hotel intended to house visiting teams — and possibly talent who may be filming at the nearby production campus — underway. Competing regions, including the U.K., New York, Georgia and Ontario, have more than doubled their stage-based production capacity over the past five years. L.A., which has an estimated 8 million square feet of production space and 13 planned studio projects in the pipeline, maintains an infrastructure advantage, but the decline in production has made it more challenging to fill vacancies. Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire
CBS News
13-05-2025
- Business
- CBS News
Hollywood park to construct movie studio, production facility ahead of 2028 Olympics
With the 2028 Olympic Games quickly approaching, Hollywood Park officials on Tuesday announced plans to construct a movie studio and production facility that they expect to house the International Broadcast Center when the event arrives. "The vision for Hollywood Park ha always been to build a city within a city combining media, entertainment and technology that will transform the greater Los Angeles area," said developer and Los Angeles Rams owner Stan Kroenke in a statement. "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. Beyond 2028, Hollywood Park Studio will be open to welcome a new industry to our live, work, play destination and bring a little bit of Hollywood to Hollywood Park." An artist's rendering of the proposed movie studio and broadcast facility heading to Hollywood Park ahead of the 2028 Olympic Games. Gensler Officials said that the first phase of the Hollywood Park Studios project would cover 12 acres, including five 18,000-square-foot sound stages. Two of those will be able to open into a single 36,000-square-foot space. Additionally, there will be a three-story, 80,000-square-foot office building and a parking structure that can accommodate more than 1,000 cars. The parking structure will also include a 20-foot-high bay on its ground level for up to 60 movie production trailers. "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 a statement from 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 of the LA28 Games." Ultimately, the project could include up to 20 stages and an additional 200,000 square feet of office space. Last week, officials also announced that SoFi Stadium would host both opening and closing ceremonies with the LA Coliseum. They will also host all of the swimming events.
Yahoo
13-05-2025
- Business
- Yahoo
Rams Owner Stan Kroenke to Develop Inglewood Soundstage Facility
Los Angeles Rams owner Stan Kroenke is spearheading the construction of a new soundstage facility at Hollywood Park in Inglewood, with plans to have it ready in time for the 2028 Olympics to serve as the event's International Broadcast Center. Hollywood Park Studios, which will be located adjacent to Kroenke's SoFi Stadium, will begin with a first phase construction of five 18,000-square-foot soundstages along with a three-story, 80,000-square-foot office building to support stage, production and post-production activities. Additional phases allow for the construction of up to 20 build-to-suit stages and an additional 200,000-square-feet of related office space with additional structured parking. For the Olympics, Hollywood Park Studios will host hundreds of global broadcasters that have media rights to the Games and will offer broadcasters ample space for offices, studios and control rooms. '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 chief executive officer 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. We're excited to collaborate with our valued partners at Hollywood Park, the Olympic Broadcasting Services (OBS), International Olympic Committee (IOC) and International Paralympic Committee (IPC) to create a world-class broadcast hub that will showcase the best of Los Angeles to billions of viewers.' The soundstage facility joins a growing complex built around SoFi Stadium, which will co-host the opening and closing ceremonies of the 2028 Olympics as well as host swimming events. Other facilities include the YouTube Theater, the NFL media headquarters, a casino and a residential complex that stands atop the former site of the horse racetrack upon which Hollywood Park gets its name from. '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,' 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.' The new facility joins a series of soundstage developments throughout Los Angeles, including a $600 billion renovation of Television City in Fairfax. But it also comes as FilmLA reports that 63% of LA County's soundstages are occupied, down from the 93% average recorded from 2016-2022. California lawmakers are hoping that an expansion of the state's production tax incentive will reverse the decline in local productions brought by a mix of the 2023 strikes, significant competition from production hubs in other states and countries and the downturn in production greenlights as studios seek to keep costs down. The post Rams Owner Stan Kroenke to Develop Inglewood Soundstage Facility appeared first on TheWrap.
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.
