ViacomCBS Inc. agreed to sell a historic Los Angeles movie lot for $1.85 billion to Hackman Capital Partners and Square Mile Capital Management as demand for production space soars and the entertainment company seeks cash to compete for streaming subscribers against rivals Netflix Inc. and Walt Disney Co.
The CBS Studio Center property, known locally as CBS Radford, is a 55-acre (22 hectare) site with 22 sound stages in the Studio City neighborhood, where production stretches from the silent picture era through TV classics “Gilligan’s Island” and “Seinfeld” to the current action series “SEAL Team.”
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November 30, 2021 at 09:33PM
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CBS Movie Lot Fetches $1.85 Billion as Hackman Adds to Holdings - Bloomberg
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