Monday, September 19, 2011

Albuquerque Studios Emerges From Bankruptcy Debt Free

Pacifica Ventures Continues to Manage the Facility

LongView Funds are a diversified group of investment strategies offered through Amalgamated Bank's Investment Management Division, which provides asset management and custodial services to jointly administered, union pension funds, public employee benefit funds, and other institutional investors.

In making the announcement, James T. Freel, Senior Vice President and Chief Real Estate Officer for the Investment Management Division, said, "During the past twelve months, despite facing the uncertainty of a bankruptcy process, ABQ Studios has still been able to enjoy one of its most productive periods since it opened in 2007."

Recently, the major productions that used ABQ Studios include ABC Networks' Scoundrels, Dreamworks' Fright Night, AMC's award winning Breaking Bad, and Marvel Studio's The Avengers, one of the largest U.S. productions undertaken in 2011 and scheduled for release in 2012.

"Looking ahead," Mr. Freel, said, "we believe the Studio is on solid financial footing. The facility has a strong pipeline of new productions, and our goal is to continue to attract a high volume of top level television and film production projects to the studio."

In addition, ABQ Studios is home to the ReelzChannel, which is devoted to delivering programming that is all about the movies. The channel's programming, production, web development, and creative services as well as its marketing and communications divisions employ over 200 people who work in a 30,000-square foot office and broadcast complex on the ABQ Studios main lot. Programming produced at the studio includes a weekly movie review program with film critic Leonard Maltin.

ABQ Studios is managed by Pacifica Ventures, a firm run by experienced professionals with broad expertise in TV and film production. Also, the facility's on-site management and operating staff has been retained and new personnel have been added.

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