Hackman Capital Partners-owned Television City, located in the Beverly/Fairfax District of Los Angeles, has pledged $2 million to support local community revitalization efforts and diversity initia…
, which until 2018 owned the facility and still leases some of its sound stages and office space; it currently has no role in operations at Television City after selling the space to Hackman Capital.
“Television City has called this community home for nearly 70 years, and it pains us to see our neighbors, community organizations, and small businesses – many of which are trying to reopen their doors in the first time in over three months – suffer through these challenging times,” said Michael Hackman, Hackman Capital Partners’ founder and CEO, in a statement. “We believe Television City can spearhead a catalytic effort among local stakeholders to provide meaningful help.
The Hackman Capital endowment will “work with local schools, production studios, and content creators to offer Black students and other underrepresented communities the resources to obtain mentorship, internships, scholarships, and the necessary education and onsite training to secure jobs in Los Angeles’ largest industry,” per the real estate investment and operating company.
“As a studio and as individuals, we stand in solidarity with the Black community and those speaking out against systemic racism and racial inequities,” said Hackman. “But we want to do more than talk about the issues, we want to take meaningful action.
“The past three months have been an incredibly painful time for the Beverly/Fairfax District and our City as a whole,” he added. “By working with the Black community, our neighbors, small businesses, and our City’s most beloved industry, we can emerge from this period stronger than before. I hope Television City’s pledge will inspire other stakeholders to join us in this effort; we have thought about this long enough, now is the time to act.
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