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Atlanta-Based Blackhall Studios Sold to Private Equity Firm for $120 Million


Blackhall, which is in the process of expanding its footprint in Georgia, also has studio projects in London and Los Angeles.
Millsap said it was time for him to exit the Atlanta business and hand it off to a private equity firm that could take a run at the next leg of the race.
I m an entrepreneurial opportunistic real estate developer, Millsap said in a statement.  I ve made my career seeing things early and executing early and exiting when the larger funds are ready for big trend opportunities.
Blackhall Studios opened in 2017 and is one of the largest studio complexes in Georgia. The campus spans 165 acres and has 850,000 square feet of interior space across nine sound stages. Blackhall has been the home of top productions such as Jumanji, Godzilla, Doctor Sleep and Venom. It has worked with nearly all of Hollywood s big studios. ....

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Blackhall Studios sold to private equity firm for $120 million


Atlanta s Blackhall Studios sold to private equity firm for $120 million
Trillith Studios, Tyler Perry Studios, and Blackhall Studios are the industry heavyweights that are leading the film and television economy in Georgia.
Author: Ryan Dennis (11Alive)
Updated: 5:44 PM EDT April 28, 2021
ATLANTA One of Atlanta’s largest production studios has been sold to Los Angeles-based private equity firm Commonwealth Group on Wednesday.
Blackhall Studios founder Ryan Millsap announced in a release the sale of the Atlanta asset at $120 million.
Milsap also revealed Blackhall is in the process of building “the largest studio complex in the English-speaking world in Atlanta. The company also has studio projects in London and Los Angeles. ....

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