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Shadowbox Studios, formerly Blackhall Studios, Announces Strategic $500M Investment from Silver Lake to Support Over $1.5B of Premium Sound Platform and Unveils Company Rebranding

ATLANTA–(BUSINESS WIRE)–Shadowbox Studios (“Shadowbox”), a premium operator of purpose-built sound installations, today announced a strategic investment from Silver Lake, the world leader in technology investment. The investment includes a $500 million capital commitment that will support Shadowbox’s growth strategy, including existing sound stage development projects in metro Atlanta, London and Los Angeles with more than 1 $.5 billion capital investment planned. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder.

Shadowbox develops, owns and operates state-of-the-art sound facilities specifically designed to meet the needs of a growing industry of creative content producers. With this additional funding, Shadowbox will be able to expand its established portfolio and adapt its offerings to meet the growing demand for high-end sound stages around the world.

The combination of Shadowbox’s premier facilities in Tier 1 production centers and deep relationships across the production landscape enables the company to support the world’s top content producers as they grow their businesses. said Lee Wittlinger, managing director of Silver Lake, who joined Shadowbox’s board of directors. with Silver Lake manager Chip Schroeder. “Consumer demand for premium film and television content, coupled with the growing number of producers, has resulted in an outsized demand for sound stage capacity. There is a long avenue for growth for the industry as a whole, and we are excited to partner with Shadowbox to expand the company’s service offerings and deliver premium sound installations in key production markets. global.

Shadowbox’s existing footprint consists of:

  • Metro Atlanta: Shadowbox currently operates an 850,000 square foot studio with nine soundstages in Atlanta, Georgia, which has hosted hit features such as Jumanji: the next level, Jungle Cruise and Godzilla: King of the Monsters. The company is also developing an additional 1.2 million square feet of space including 22 new sound stages. Upon completion of this expansion, Shadowbox’s footprint in Atlanta will total 31 sound stages and exceed two million square feet.

  • London Metropolitan Area: Shadowbox recently completed the initial 150,000 square foot phase of its nearly one million square foot Shinfield Studios project in the UK, which is fully let to one of the world’s largest content creators in the world. After completion of the remaining development, the company will operate 18 stages in the London area.

  • Los Angeles Metro Area: Additionally, Shadowbox is currently developing a 19-stage, approximately 1.3 million square foot, purpose-built studio campus in Santa Clarita, California.

Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 sound stages and over 4.2 million square feet of leasable area, making it one of the largest operators in the industry. In addition to providing real estate services to its customers, Shadowbox also offers rental productions of lighting and handles through its wholly owned subsidiary, Lamp Dock, as well as other key field services.

Supporting large-scale productions with best-in-class service is Shadowbox’s bread and butter. From the company’s roots as a single site operator, we’ve worked with local communities in the Atlanta, London and Los Angeles areas to develop more spaces where content creators can express themselves. while providing hundreds of jobs to local markets,” said Adam Fisher. , Founder and CEO of Commonwealth Asset Management and administrator of Shadowbox. “Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only providing significant growth capital for the business, but also expanding our relationships in the entertainment and technology communities that are integral to the business. future of Shadowbox.

To better align with its next phase of growth, the company has adopted a new brand image that embodies the values ​​and creative vision that drive the company.

We have chosen Shadowbox to represent the company going forward as a symbol of the physical and imaginary spaces supported by our platform,” added Peter Rumbold, Commonwealth Property Manager and Director of Shadowbox. “Our state-of-the-art facilities physically exist as “ghost boxes” where our clients can execute their artistic projects. We’re thrilled to offer some of the world’s best creative talent the space to bring characters and stories to life in top-notch soundstages backed by best-in-class production services.

Deutsche Bank, EY and Sidley Austin represented Shadowbox in the transaction. Additional legal work was done by Farrer & Co. and King & Spalding. Latham & Watkins represented Silver Lake.

About Shadowbox Studios

Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns and operates state-of-the-art sound stages for film and media production, and provides a range of onsite customer support services. Shadowbox currently operates sound stage campuses in Atlanta and the UK, with other active developments in the Atlanta, London and Los Angeles metro areas. For more information, visit

About Silver Lake

Silver Lake is a global technology investment firm, with over $88 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $254 billion in revenue annually and employ approximately 557,000 people worldwide.

About Commonwealth Asset Management

Commonwealth Asset Management is a Los Angeles-based investment management platform that manages approximately $1.7 billion in assets. Commonwealth focuses its investment activities in four main categories: real estate, global macro, digital assets and opportunistic growth. Each of these investment strategies reflects Commonwealth’s top-down macro approach, carefully crafted investment philosophy and proximity to technological innovation.

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