Rams proprietor Stan Kroenke will construct a film studio subsequent to SoFi Stadium in Inglewood that may function the worldwide broadcast middle for the 2028 Olympic Video games.
Development will begin by summer season on the studio and manufacturing facility that may home lots of of broadcasters from world wide which have acquired rights to cowl the Summer time Video games in Los Angeles, Kroenke’s firm mentioned Tuesday.
After the Video games, the power generally known as Hollywood Park Studios might be used to make motion pictures, tv exhibits and different productions and maybe host stay broadcasts.
The event is a part of Hollywood Park, a multibillion-dollar complicated constructed on the positioning of a former horse racing monitor also called Hollywood Park that features the stadium, residences, theaters, workplaces, retailers and eating places.
A luxurious resort is underneath development there, and extra growth together with a grocery retailer and medical workplaces is being thought-about.
Kroenke’s group hopes that focus from the Olympics will enhance Hollywood Park Studios’ attraction as a future leisure manufacturing middle.
“We wish it to be acknowledged world wide,” mentioned Alan Bornstein, who’s overseeing growth of the studio for Kroenke.
The studio is a part of Hollywood Park’s grasp growth plan specializing in media, leisure and expertise, Bornstein mentioned, anchored by SoFi Stadium, YouTube Theater and the NFL Media workplace constructing.
“There was an growing convergence of media and expertise and sports activities, all underneath the notion of leisure that’s now distributed in in a number of channels,” Bornstein mentioned, “whether or not it’s by streaming or whether or not by broadcast tv or motion pictures in theaters,”
The primary section of Hollywood Park Studios will occupy 12 acres and can consist of 5 soundstages, every 18,000 sq. toes, two of which can be opened to a single 36,000-square-foot stage.
The complicated can have a three-story, 80,000-square-foot workplace constructing to assist stage, manufacturing and postproduction actions. The studios can have a devoted open base camp the place vans, gear and actors’ trailers may very well be positioned, together with a parking construction for 1,100 automobiles. Future growth may embody as many as 20 levels and 200,000 sq. toes of associated workplace house.
The extra levels can be constructed to go well with for future tenants as demand emerges, Bornstein mentioned, who declined to estimate how a lot the studio complicated will value.
Though demand for soundstages outstripped provide a number of years in the past, manufacturing has not too long ago slowed and dampened the present want for them.
A rendering of the Hollywood Park Studios broadcast middle and film manufacturing facility.
(Gensler)
Final yr, the typical annual occupancy price dropped to 63%, an extra indication of Hollywood’s sustained manufacturing slowdown, in line with a latest report by FilmLA, a nonprofit group that tracks on-location shoot days within the Higher Los Angeles space.
That was a decline from 2023, which noticed a mean regional occupancy price of 69%. That was the yr when twin strikes by writers and actors crippled the native manufacturing financial system for months.
The foray into Hollywood-level manufacturing services is a part of Kroenke’s purpose to mix sports activities, leisure and media from world wide, Bornstein mentioned.
Along with the Rams, Kroenke is proprietor of the Denver Nuggets basketball workforce, the Colorado Avalanche hockey workforce, the Colorado Rapids soccer workforce, the Colorado Mammoth lacrosse workforce and Arsenal Soccer Membership, the Premier League soccer workforce based mostly in London.
SoFi Stadium, the place the Chargers additionally play soccer, might be transformed into the most important Olympic swimming venue in historical past in the course of the Video games in 2028. It’ll host the Olympic opening ceremony with the Los Angeles Memorial Coliseum, in addition to the opening ceremony for the Paralympic Video games.
Kroenke can be a serious actual property developer and landlord. The 300-acre Hollywood Park mission is without doubt one of the largest mixed-use developments underneath development within the western United States. SoFi Stadium alone value $5 billion to construct.
Final month, he additionally unveiled plans for a brand new Rams headquarters on a 100-acre website at Warner Heart in Woodland Hills that would come with a residential and retail group meant to be the centerpiece of the San Fernando Valley. It may value greater than the whole value of Hollywood Park, which has been valued by exterior observers at greater than $10 billion.
Making a second epicenter in Woodland Hills permits the Rams to considerably enhance the scale of their footprint within the Southern California market.
“Once you’re seeking to do a apply facility, you don’t should be proper in the midst of the whole lot, and usually that actual property may be very costly,” Kroenke instructed The Occasions. “We constructed an id within the Valley, with Cal Lutheran, and quite a lot of our gamers and households are up there. Our expertise was actually good.”
Structure agency Gensler spearheaded the design for the Warner Heart headquarters and Hollywood Park Studios. Clayco would be the normal contractor for the studio, with Pacific Edge appearing as mission supervisor. Financing was organized by Guggenheim Investments.
Occasions workers author Sam Farmer contributed to this report.
