CBS sold its venerable Television City production facility, one of Hollywood’s most storied production studios, in a deal the company says will give it more flexibility to invest in content for digital audiences.
CBS said Monday it signed a definitive agreement to sell the sound stages and studios that have hosted programs ranging from “All in the Family” to “The Late Late Show with James Corden” for more than half a century to Los Angeles real estate developer Hackman Capital Partners for $750 million. Under terms of the agreement, As part of Hackman Capital will also have the rights to use the Television City trademark in connection with its operations on the property.
CBS programs housed at the site, which include “Late Late Show,” “The Price is Right” “The Young and the Restless” and “The Bold and the Beautiful” will continue to be produced on the studio campus for “at least the next five years,...
CBS said Monday it signed a definitive agreement to sell the sound stages and studios that have hosted programs ranging from “All in the Family” to “The Late Late Show with James Corden” for more than half a century to Los Angeles real estate developer Hackman Capital Partners for $750 million. Under terms of the agreement, As part of Hackman Capital will also have the rights to use the Television City trademark in connection with its operations on the property.
CBS programs housed at the site, which include “Late Late Show,” “The Price is Right” “The Young and the Restless” and “The Bold and the Beautiful” will continue to be produced on the studio campus for “at least the next five years,...
- 12/10/2018
- by Brian Steinberg
- Variety Film + TV
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