LOS ANGELES, Calif., January 22, 2021—Hackman Capital Partners and Raleigh Studios announced today that they have entered into a strategic venture with the iconic Raleigh Studios in Hollywood, California. As part of the strategic venture, Hackman Capital Partners and its affiliate The MBS Group (“HCP/MBS”) have assumed management and operational control of Raleigh Studios to ensure its continued preeminence within the industry.
Commencing operations in 1915 as Clune Studios, Raleigh Studios is the oldest continuously operating film and television production facility in country. United Artists was founded on the lot and many of Hollywood’s biggest stars and productions are part of its rich history. In the mid-1980s, Raleigh reinvented the art of soundstage construction, building the first new soundstages in Los Angeles in nearly two generations. Today, Raleigh’s 13 soundstages are part of a 10-acre, 309,000 square foot campus in the epicenter of Hollywood and directly across the street from Paramount Pictures. As part of this strategic venture, HCP/MBS will also assume operational control of Raleigh’s Saticoy Studios, a 49,500 square foot studio facility in Van Nuys, CA that includes two soundstages, office and production support space and that hosts Freemantle’s iconic game show, “Let’s Make a Deal.”
With its affiliate The MBS Group, the industry’s leading studio operations company and provider of production equipment and services to more than 40 studios and 300 soundstages in the top production markets globally, Hackman Capital Partners has established one of the world’s foremost studio and media portfolios and global studio networks. The platform includes The Culver Studios, the historic 14.3-acre film and television studio in downtown Culver City that is the new home to Amazon Studios; Television City Studios, the iconic former CBS broadcasting facility on 25-acres in the heart of West Hollywood; MBS Media Campus, a state-of-the-art 22-acre production facility in Manhattan Beach, CA; Silvercup Studios, one of New York City’s most iconic studios covering 10.4 acres; Second Line Stages, the only purpose-built production facility in New Orleans, Louisiana; The MBS Group; Eastbrook Studios London, which at completion will be the largest studio in the City of London; and Saticoy Studios and Raleigh Studios.
Michael Hackman, CEO of Hackman Capital Partners, said, “As the world’s leading independent owner and operator of studio properties, we are delighted for the opportunity to have forged this relationship with Raleigh Studios and the Rosenthal family, which has been an incredible steward of this property for 41 years. We are excited to become part of the legacy of this historic property.”
He added, “With our portfolio of distinguished studio and media assets, we look forward to having Raleigh Studios as part of our global platform and, through The MBS Group, continuing to provide a full suite of studio operations and ancillary services at the property.”
Mark Rosenthal, CEO of Raleigh Studios and Raleigh Enterprises, said, “Both George Rosenthal, our Founder and Chairman, and I are thrilled about this strategic venture with Michael Hackman, his team and his partners. It feels like a homecoming as many of the key executives and managers of The MBS Group were formerly part of the Raleigh family, which makes the transition easy for our incredible Raleigh staff and our treasured tenants and clients.”
He added, “The folks at Hackman Capital Partners and The MBS Group have done something extraordinary, they have not only assembled and built a world class portfolio of studio assets bringing institutional discipline, resources and capabilities to the real estate portfolio, but they have developed a support team with unparalleled expertise in both understanding and developing innovative solutions for the needs of the production community. Over the course of Raleigh’s 41-year history in the production industry, we have either managed or developed more studio production facilities than anyone. Reuniting with our colleagues and friends at The MBS Group and Hackman Capital Partners will make for a formidable collaboration.”