Shadowbox Studios Announces $500 Million Strategic Investment From Silver Lake

Staff Report

Wednesday, June 29th, 2022

Shadowbox Studios ("Shadowbox"), a premium operator of purpose-built soundstage facilities, today announced a strategic investment from Silver Lake, the global leader in technology investing. The investment includes a capital commitment of $500 million that will support Shadowbox’s growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over $1.5 billion of expected capital investment. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder.

Shadowbox develops, owns, and operates purpose-built, state-of-the-art soundstage facilities uniquely positioned to meet the needs of a growing industry of creative content producers. With this additional funding, Shadowbox will be able to expand on its established portfolio and scale its offerings to meet the increasing demand for premium soundstages across the globe.

 

"The combination of Shadowbox’s premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the world’s top content producers as they grow their businesses," said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowbox’s board along with Silver Lake Director Chip Schroeder. "Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the company’s service offerings and deliver premium soundstage facilities in the top global production markets."