Michael Hackman

There’s Netflix and Amazon Prime, and there’s AppleTV and Disney+ and Hulu and HBO and Peacock. You probably have at least a couple of those platforms running on your phone or your home’s entertainment system.

They’re all competing for attention in the hard-fought streaming wars. And to gain an edge and develop a catalog of content and entertainment, all those companies need soundstages and studios.

Cue Michael Hackman.

To put it more plainly: Hackman Capital Partners manages one of the largest and fastest-growing portfolios of content creation space, right when demand for such space is at an all-time high. Typically acting with joint venture partner Square Mile Capital Management, HCP is perhaps best positioned to maintain a tap on that unrelenting demand for years to come.

“As we move forward in 2022 and beyond, we’re focused on providing best-in-class studio facilities and global production services, continuing to differentiate ourselves in an increasingly crowded space,” Hackman said in a statement to Commercial Observer.

HCP is in charge of historic filming properties such as Culver Studios, occupied by Amazon Studios; Manhattan Beach Studios; and Television City in L.A.’s Fairfax District. In the time since last year’s Power 100 list, HCP and Square Mile acquired CBS Studio Center for $1.85 billion. It includes 22 soundstages, office and support buildings, a broadcast center and filmable backlot locations, and it was the blockbuster deal of the year for Los Angeles in 2021.

A month prior, we learned HCP and Square Mile acquired Kaufman Astoria Studios in Queens. That deal came after the JV purchased Silvercup Studios in Long Island City, Queens, the prior year.

In the calendar year 2021, HCP also took managing control of Hollywood’s historic and fully leased Raleigh Studios — with 13 soundstages and 165,000 square feet of office and support space — and then acquired Sony Animation Studios in Culver City a couple weeks later.

On the development side, HCP is working on a major $1.3 billion redevelopment for more than 1.13 million square feet of studio, office and support space at Television City. The firm also expanded to several other markets the past two years. In the U.K., Hackman is building Eastbrook Studios, which will be the largest TV and film production facility in London once it is complete..