Financial News
Demand Grows for New Mississippi Movie Studio
Mill Street Studios
MSS South Entrance
JACKSON, Miss. - November 14, 2022 - (Newswire.com)
As the waitlist continues to grow with sign-ups from film producers and distributors, Mill Street Studios (MSS), the long-awaited dream of Monte and Charlotte Reeves, comes closer to fruition.
Mill Street Studios (MSS) is the future home of a new, state-of-the-art motion picture and media production facility. The 5.5-acre MSS campus has been repurposed by Dallas-based architect Arnold Hernandez, converting the massive silos and grain storage shelters into two 17,000 sf sound stages and two 6,000 sf studios. In addition, over 40 office suites, a commissary, café, expendable and equipment rental stores, screening rooms and set fabrication mills are projected for construction in early 2023. An on-site boutique hotel is also being discussed with several hotel chains.
Hard to believe this former cottonseed oil mill the Reeves purchased once employed hundreds of workers less than a mile from Mississippi's State Capitol. Like Memphis, TN, and Tulsa, OK, downtown Jackson was once a thriving, upwardly mobile epicenter of Black entrepreneurship and industry at the turn of the 20th century. The Reeves believe those days are about to return.
Less than two miles from the MSS campus, the Mill Street Movie Ranch is being designed on 20 acres of raw land in a federally designated Opportunity Zone for exterior production locations.
"So when the stars and studio executives fly into town on their private jets, they'll be landing at Hawkins Field, a city-owned cargo and private jet airport less than three miles away," according to Monte Reeves, co-chair of Mill Street Studios LLC.
His co-chair and wife, Charlotte Reeves, reports, "The response from real estate developers and investors to our RFPs has been gratifying. They all recognize the profit potential of this dramatic urban renaissance."
As part of the current design and engineering phase of the project, MSS is being developed as environmentally friendly. Its 216 average annual days of sunshine guarantee solar power as an energy source, supplemented by the electric grid. It's located on an elevated plain which provides a natural barrier to flooding; and it's above an underground aquifer well to provide pure, sweet water to recycle for the many fountains and waterfalls planned for the property.
The studio expects to hire a full-time staff of over 250, providing job growth and an economic boost for the state capital and surrounding region.
The MSS waitlist was launched Oct. 1, 2022. First to sign up was Oscar-winning producer Gerald Molen (Schindler's List, Jurassic Park and dozens more features). Molen is currently preparing the southern romantic thriller Sweet By and By for Los Angeles-based Movicorp Media. "Movicorp CEO Robert Schnitzer brought this new studio to my attention, and it may be perfect timing for our miniseries," said Molen.
Indeed, Schnitzer is on the board of Mill Street Studios LLC and is no stranger to Mississippi. "I directed The Premonition, my second feature, in Jackson and fell in love with the place." The award-winning film, currently available on Amazon Prime, Tubi and other streaming platforms, showcases many of the Magnolia State's unique locations.
In addition to producer Molen, the waiting list includes sign-ups by former CBS marketing exec Paul Friedman, currently planning the miniseries The Unexpected Danny Green, and CPA William Crim, former board member of Ridgeland, MS-based accounting firm GranthamPoole. Mr. Crim will provide on-site production accounting services and help producers qualify for Mississippi's rebate incentive programs.
Those on the waitlist will be the first to receive the MSS Rate Card when published next year, as well as charter discounts and promotions. "We don't know the exact fees at this point, but they will be far less than those in Los Angeles and New York. In fact, Mississippi's cost of living is the lowest in the nation; its hospitality is legendary; and there are virtually no traffic jams on our highways," added Ms. Reeves. "Time is money in movie production."
According to Nina Parikh, director of the Mississippi Film Office, "The addition of a production facility with multiple stages in central Mississippi would increase our ability to draw larger productions which have often located in surrounding states with established studios. Our cash rebate has been an exceptional recruitment tool, but infrastructure to support the industry is essential for continued growth. Mill Street Studios has the potential to meet this critical demand."
The Reeves expect to open the studio gates for business in Q4 of 2023. Visit MillStreetStudios.com.
Contact Information:
Robert Schnitzer
CEO, Movicorp Media
rschnitzer@movicorp.com
(310) 553-3010
Press Release Service by Newswire.com
Original Source: Demand Grows for New Mississippi Movie Studio
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