Image: Steinway Artist, Jon Batiste, of The Late Show with Steven Colbert, helped introduce the company’s SPIRIO | r in March at Steinway Hall in Manhattan.
According to reports in the New York Times and other outlets, film and video production in New York could reach new heights. Actor Robert De Niro, his real estate investing son Raphael, Tribeca Studios partner Jane Rosenthal and others will buy a five-acre lot in Astoria, Queens, with plans to build Wildflower Studios, a nearly 600,000-square-foot enterprise.
Figures peg the studio costs as running anywhere from $400,000,000-$425,000,000. The site in Queens – owned by storied piano manufacturers Steinway & Sons – is located at 87 19th Avenue.
The studio investment comes on top of Netflix’s April announcement that it would be investing $100 million in six sound stages, to be located in Bushwick, Brooklyn. The company will also build corporate offices to manage the production. You can read about Netflix’s plans by clicking here.
To read the full article on the New York Times’ site, click here.
In a June article, the New York Post detailed more about John Paulson, the wealthy hedge fund manager who bought Steinway & Sons. Paulson made the factory’s unused land available for the studio. You can read that article by clicking here.