ViacomCBS To Sell CBS Studio Center For $1.85B
At closing, ViacomCBS will lease-back the Broadcast Center, which is home to television stations CBS 2 and KCAL 9; some of the proceeds will be invested in streaming
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At closing, ViacomCBS will lease-back the Broadcast Center, which is home to television stations CBS 2 and KCAL 9; some of the proceeds will be invested in streaming
ViacomCBS has entered into an agreement to sell CBS Studio Center and its associated operating business to a partnership formed by Hackman Capital Partners and Square Mile Capital Management for $1.85 billion.
Hackman Capital Partners announced it's buying CBS' Radford studio lot, home to 'Seinfeld,' 'Mary Tyler Moore' and 'Parks and Recreation.'
14-acres studio campus is home to hit TV series Outlander.
As steaming services multiply and Los Angeles finds itself running out of production space, investors and developers are taking the long view.