I reported back on July 22nd that Marvel Studios intended to keep $600 million in productions in the Los Angeles area, especially if the state of California made it worth their while. “They’re willing to make a commitment to keep all four productions here in town. They’re looking for existing studio space right now,” Jon Favreau told me at the time. Below is today’s Marvel announcement that its next 4 movie productions as well as its corporate office space are moving to Raleigh Studios Manhattan Beach. Favreau wanted to keep Iron Man 2‘s $140 million production local because the family man has a clause in his contracts saying his shoots must stick close to home. He deserves kudos for leveraging his new-found clout for the greater good of the Hollywood community. Marvel, of course, only cares about the bottom line:
Los Angeles, CA (October 6, 2008) – As Marvel Studios, a subsidiary of Marvel Entertainment, Inc., powers up to begin production on its next highly anticipated slate of films, the studio has made an agreement with Raleigh Studios to film each of Marvel’s next four films at Raleigh’s facility in Manhattan Beach, CA. The four projects to be produced at the studio facility over the next three years include IRON MAN 2, THOR, THE FIRST AVENGER: CAPTAIN AMERICA and THE AVENGERS. Keeping these four major tent pole film productions in Southern California allows the studio access to outstanding crews and resources and makes Marvel the largest tenant on the Raleigh lot. Additionally, Marvel Studios will move its Beverly Hills-based executive and production offices to Raleigh’s facility in Manhattan Beach.
“In making this deal with Raleigh to produce our upcoming films at the Manhattan Beach Studios, we are most excited about keeping our film production here in California and taking advantage of the best crews in the Los Angeles area,” stated Louis D’Esposito, Marvel’s President of Physical Production. “All of our production partners on these upcoming films have been incredibly accommodating in terms of their creativity and financial structures, allowing us to remain in California. Raleigh Studios has long been known for the superior quality of its film production facilities and we know that Manhattan Beach will be the ideal location to produce our movies to the highest standards that our fans expect.”
“We are thrilled that we were able to find a way to make this deal work for Marvel,” said Michael Moore, Raleigh Studios President. “We could not have asked for a greater compliment than having a quality company like Marvel put their faith in us to provide a home for its film productions.”
The Marvel live action releases to be filmed at Raleigh Manhattan Beach Studios are scheduled to arrive in theaters beginning in 2010 and going through 2011. Specifically the release dates are IRON MAN 2 on May 7, 2010; THOR on July 16, 2010; THE FIRST AVENGER: CAPTAIN AMERICA on May 6, 2011; and THE AVENGERS on July 15, 2011.
Raleigh Manhattan Beach Studios first opened for operations during 1998. This studio consists of 14 sound stages on 22 acres with an additional 300,000 square feet of office and support space. As a result of this venture, Raleigh Studios along with its sister company Hollywood Rentals, are now the largest operator of independent film studio facilities and production services in North America.