INNOVATE Limerick welcomes the announcement that Troy Studios has been acquired by one of the world’s leading media real estate and studio services organisations.
The largest film studio in Ireland, Troy Studios and the oldest film studio in the country, Ardmore Studios in Wicklow have been sold to Hackman Capital Partners, Square Mile Capital Management and The MBS Group, a joint venture that owns complexes including the famous Culver Studios in Los Angeles and Silvercup Studios in New York City.
Between them the new owners of Troy have the world’s largest independent studio and media portfolio and with the addition of the two Irish studios, the partnership further bolsters its reputation for best-in-class production facilities throughout the world’s global production hubs.
Paul C. Ryan, Regional Film Manager, Film in Limerick said “We welcome the developments at Troy and the new owners to Limerick and we look forward to working closely with the team to further develop the region as a leading production hub and a major employer in the region.
Both Ardmore and Troy studios will continue to operate with their current branding, with CEO Elaine Geraghty and the staff at the facility remaining unchanged.
According to Ryan “Our vision for Limerick and the midwest is to continue to develop as a major centre for production. Key to this is our close working relationships with Troy and other stakeholders in the region.
“We will continue to work to develop further film-making infrastructure, a strong local crew base, and incentives to support more inward and local productions. With the world’s largest studio group now setting up home in Limerick, we can be confident about the future of filmmaking in the region.”
Troy Studios was set up in 2016 following an initiative from Innovate Limerick and Limerick City and County Council to develop film production in the city. The studio has so far hosted two large productions, sci-fi series ‘Nightflyers’ for Netflix and the upcoming ‘Foundation’ TV series for AppleTV+.
’Foundation’, which will premiere on the streaming platform next month is the biggest production ever to be filmed in Ireland with up to 500 crew on set during filming at the Castletroy complex.