Independent Staff Report
LOS ANGELES — Hackman Capital Partners and Raleigh Studios have entered into a strategic venture agreement in which Hackman Capital Partners and its affiliate the MBS Group have assumed management and operational control of the studios to ensure the continued preeminence within the industry.
Raleigh’s 13 soundstages are part of a 10-acre, 309,000-square-foot campus in the center of Hollywood directly across the street from Paramount Pictures. As part of the venture, Hackman also will assume operational control of Raleigh’s Saticoy Studios, a 49,500-square-foot studio facility in Van Nuys that includes two soundstages, office and production support space and hosts the iconic game show, “Let’s Make a Deal.”
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.
“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,” Hackman added.
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.”
Raleigh Studios started as Clune Studios in 1915. It is the oldest continuously operating film and television production facility in the 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.
Founded in 1986, Hackman Capital Partners has established one of the world’s foremost studio and media portfolios and global studio networks. With its affiliate the MBS Group, it is 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.
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 Fairfax District; a state-of-the-art 22-acre production facility in Manhattan Beach and studios in New York, New Orleans and London.
A family-run business for more than 66 years, Raleigh Enterprises is a real estate-based service company, headquartered on the historic Raleigh Studios lot. The company was founded by George I. Rosenthal in 1955. Mark A. Rosenthal serves as its CEO and president. Originally started as a general contractor and development firm, the company has participated in all facets of real estate in the ensuing years.