Exciting New Developments at Hollywood Park

Located in Inglewood, California, the Hollywood Park project, spearheaded by Stan Kroenke and investment firm Wilson Meany, is set to expand its offerings with the introduction of Hollywood Park Studios (HPS). This new development is particularly timely as the area prepares for the upcoming 2028 Olympics.

A Detailed Look at Hollywood Park Studios

The initial phase of HPS will feature:

• Five soundstages, each measuring 18,000 square feet
• A three-story creative office building of 80,000 square feet
• Facilities for milling, an open base camp area, and a garage designed to accommodate up to 60 trailers

These developments aim to create a robust environment for film and media production.

Focus on 2028 Olympics

Before transitioning to regular studio operations, HPS will serve as the International Broadcast Center for media outlets covering the 2028 Olympics and Paralympic Games. Once the games conclude, the facilities will be open for film productions, enhancing the area’s attractiveness as a media hub.

The Vision Behind Hollywood Park

Kroenke envisions Hollywood Park as “a city within a city,” emphasizing a blend of media, entertainment, and technology. “Beyond 2028, Hollywood Park Studios will be open to welcome a new industry to our live, work, play destination and bring a little bit of Hollywood to Hollywood Park,” said Kroenke.

Future Expansion Opportunities

Hollywood Park is also designed for future growth, with the potential for up to 20 additional build-to-suit stages and 200,000 square feet of office space dedicated to production support.

The Changing Landscape of Media Production

However, Kroenke’s decision to invest heavily in a new production facility comes during a challenging time for the industry in Southern California. Recent reports indicate that many media productions are leaving the area, influenced by rising costs and the aftermath of recent labor strikes affecting both the Screen Actors Guild (SAG-AFTRA) and the Writers Guild. According to industry sources, nearly half of the soundstages in Southern California are currently unoccupied.

State Initiatives to Boost Production

The state government is exploring ways to revitalize the film industry, including a proposed increase in the film tax incentive cap from $350 million to $750 million annually, a change that could foster greater production activity.