Singularity Studios, LP (Singularity or the Company), a real estate development and management firm, was formed in 2023 to build and manage feature film and television production studios in Georgia. Singularity plans to build studios specifically built for feature film and television production. Singularity will offer customers production space that allows them to film in a comfortable and professional environment that offers benefits above their expectations.
Georgia is bursting at the seams with film and television production and is in dire need of production space. Currently, most production space in Georgia has been carved out of old industrial buildings or abandoned office complexes; these types of spaces never work well though, due to the limitations they seemingly always cause designers to have to work around. Production companies like big stages which allow them to build sets and shoot without limitations. By constructing and leasing large stages, Singularity's clients will have the freedom they need to build any scene; be it a lunar landscape, a war-torn city, a basketball arena filled with fans, or whatever other ideas the writers can conceive.
www.georgia.org (June, 2022)
With almost 4.5 billion dollars spent last year by production companies in Georgia, the state set another record for television and feature-film production. In fact, in Georgia, spending by production companies rose a whopping 10% over last year and there is still no end in sight. Georgia saw over four hundred productions produced in the state last year, productions that included made-for-TV movies, feature films, episodic television, game shows, and more! Last year alone, Georgia had over forty full-length feature films shot in the state. Georgia is quickly becoming the home of the world's feature film and television production industry. No wonder companies like Disney, BET, Warner Brothers, Paramount, Sony, and Universal are lining up to take advantage of what Georgia has to offer.
Production studios are unique, which is why Singularity can charge a premium for the space. The special sound abatement, “quiet” heating and air, and other studio amenities allow the Company to charge rates higher than typical class “A” office space can garner, this is because the customer is not just renting a ”space”, but the perfect shooting facility.
The Company's business plan should allow Singularity to return to investors their initial investment, plus receive a good return on that investment. The General Partner believes that the Company's chance for profit is particularly good since strict cost controls will be utilized on land purchases, building costs, and amenity installations. Singularity's efforts to produce great production facilities at an affordable price should produce superior returns for the Company's investors.
Singularity aims to build equity into its investments from the start. To do this, the Company will obtain multiple bids and appraisals before purchasing raw land and then apply a sharp pencil to construction costs to ensure properties are developed in a cost-effective and value-added manner.
The best part about the studio rental business is that it is not complex. Start with the right size studio space, add good sound abatement, build in quality heating and air, mix in the proper ratio of shooting space to office space, offer enough auxiliary rooms for the wardrobe, makeup, and art departments, add ample parking for both crew and production vehicles, and you will have a facility that should lease at a great return on the dollar and shouldn't require expensive updating all the time. Unlike companies and industries that require the latest technologies, such as computers or industrial equipment which change every few months or require constant maintenance, studios, if properly built, require very little upkeep.
www.georgia.org
Georgia has discovered that a tax incentive is the “carrot” to attract production companies to the state. That is why Georgia is “all in” when it comes to a tax incentive and doing what it takes to ensure production companies desire to come here. This enthusiasm is due to the State of Georgia's full commitment to the production industry and all that Georgia has to offer. Disney, Netflix, Amazon, and other titans of the production industry are coming to Georgia because of Georgia's lucrative tax incentive, a tax incentive that has been in place for almost two decades. 4.5 billion dollars in spending provides almost 1.5 billion dollars in tax incentive savings for production companies, savings which they can utilize or offer to other corporations. Even though other states like New York and California also offer tax incentives, Georgia has incentives that are far more flexible, making Georgia the go-to state when it comes to producing a show of any type.
Minimum Offering: $5,000,000
Minimum Investment: $10,000 (10 Units)
The Company is offering a minimum of $5,000,000 and a maximum of $25,000,000 Limited Partnership Units at a price of $1,000 per Unit. Upon completion of the Offering between 5,000 and 25,000 Limited Partnership Units will be issued.
Distributions of Available Cash from Operations to the Limited Partners and the General Partner, will be made in the following order of priority:
Distributions of Capital Gains will be made in the following order of priority:
At the discretion of the General Partner, net proceeds of any refinance may be utilized to redeem Class A Units.
To help increase the velocity of return on investment, the majority of profits received by the General Partner will be paid to the Limited Partners in a buyback of Company units.
Investors, producers, actors, and crewmembers can enjoy Company sponsored “wrap parties” and “events” where everyone can mingle and meet to enjoy food and libations.
The Company is currently managed and advised by seasoned business professionals dedicated to the success of the Company and efficient execution of its planned operations.
The CEO, Mark Henderson, has overseen building studios and understands the requirements and specifications needed to build a great facility. His thirty years of working in the production business -- starting off as a grip, then gaffer and moving up to director of photography, director, and eventually to being co-owner of a feature film and television production studio -- has given the CEO a unique insight, one which allows him to understand what the crew and production management seek from the perfect studio. His many years in administering and growing a feature film and television production studio provide the CEO with the knowledge to maximize returns for the Company and the Company's investors.
Patrick Tracy has been a decisive leader in the financial industry for decades. His experience has taken him through all phases of the economy and movements in the real estate industry. From running the SBA division of a national bank to helping numerous small businesses achieve financial success, he knows the ins and outs of making companies successful. With his experience working with large banking networks to the financial departments of smaller local companies, he can help companies of all sizes. His career also includes being on the board of numerous organizations and major corporations.
Kyle Henderson is a repeat entrepreneur and veteran of software product management, development, and design. His latest venture, Vizion, supports digital transformation in supply chain and logistics by providing web services and data streams that power door-to-door freight visibility solutions. Prior to founding Vizion, Mr. Henderson participated in nine early-stage technology startups and held senior product management roles at companies such as Fullstory, ClearMetal, Nokia, and NAVTEQ. Kyle was selected for the 40 Under 40 Award, a prestigious Silicon Valley achievement. Mr. Henderson received his Bachelor of Arts in Philosophy and Political Science from Berry College in beautiful Rome, Georgia.
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Singularity Studios - 6420 Atlantic Blvd. Suite 525 - Norcross, GA 30071 — info@singularitygeorgia.com — singularitygeorgia.com
(678) 677-1257
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