Alex Pissios Exits Film Studio Cinespace for $1 Billion

The news announced that Alex Pissios, the founder and CEO of Film Studio Cinespace, will sell his company for a whopping $1 billion. This is big news in the film industry, as Cinespace has been a significant player in the Canadian market for over 30 years. Alex Pissios founded Cinespace in 1984, and it has become one of the most successful film studios in North America.

Alex Pissios will be stepping down from his position at Cinespace. Still, he will continue to serve as a consultant for the new owners. It’s not clear what this sale will mean for Cinespace’s employees or its future projects, but we can expect some significant changes in the coming months.

Cinespace is just the latest company to be sold. We’ve seen significant deals for stakes in Tim Hortons, SNC-Lavalin, and Thomson Reuters in recent years. This trend is likely to continue, as China looks to invest its money in stable North American businesses. It’s unclear what Alex Pissios will do next now that he’s cashed out on Cinespace.

Many fans were thrilled by the acquisition of the movie industry, including the Chicago Mayor, and she hopes it will bring forth opportunities for the residents.