{"id":368702,"date":"2021-11-16T21:55:31","date_gmt":"2021-11-16T18:55:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/viacomcbs-selling-its-cbs-studio-for-1-8-billion-report\/"},"modified":"2021-11-16T21:55:31","modified_gmt":"2021-11-16T18:55:31","slug":"viacomcbs-selling-its-cbs-studio-for-1-8-billion-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/viacomcbs-selling-its-cbs-studio-for-1-8-billion-report\/","title":{"rendered":"#ViacomCBS selling its CBS studio for $1.8 billion: report"},"content":{"rendered":"<p>&#8220;<strong>#ViacomCBS selling its CBS studio for $1.8 billion: report<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>ViacomCBS is selling its CBS Studio Center in Los Angeles for $1.8 billion to a pair of acquisitive real-estate firms, according to a report. <\/p>\n<p>Hackman Capital Partners and Square Mile Capital Management had the winning bid, beating out roughly a dozen parties, The Wall Street Journal reported on Tuesday, citing anonymous sources. The contract is expected to be signed soon. <\/p>\n<p>The Post first reported that Hackman Capital was a leading contender to buy\u00a0 the historic CBS Studio Center\u00a0lot \u2014 the home of popular TV shows including \u201cSeinfeld.\u201d<\/p>\n<p>The price tag for the lot, where iconic shows like \u201cThe Mary Tyler Moore Show\u201d and \u201cGunsmoke\u201d were shot, was roughly $500 million higher than what the it was projected to bring in three months ago when it was put up for sale, the report said. <\/p>\n<p>CBS and Hackman declined to comment. Square Mile did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely return requests for comment.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-1.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\" General views of CBS Studio Center on September 25, 2020 in Studio City, California. \" class=\"wp-image-20164193\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-1.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-1.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-1.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>CBS\u2019 Radford lot, where popular shows like \u201cSeinfeld\u201d and \u201cGunsmoke\u201d were shot, is being sold for a reported $1.8 billion.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The higher-than-expected sale price comes as there\u2019s a demand for shows and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a> to the point that there\u2019s a\u00a0shortage of production studio space\u00a0in Los Angeles.<\/p>\n<p>Real-estate investors like Hackman are getting in on the action by buying up sound stages, office space and other real estate tied to show biz. <\/p>\n<p>Case in point: earlier this year, Michael Hackman\u2019s namesake firm partnered with Square Mile and scooped up Sony Pictures Entertainment\u2019s 182,000 square-foot\u00a0animation campus in Culver City \u2014 home of franchises including the \u201cThe Emoji Movie\u201d and \u201cSpider-Man: Into the Spider-Verse,\u201d for around $160 million. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/michael-hackman.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Michael Hackman\" class=\"wp-image-20164238\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/michael-hackman.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/michael-hackman.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/michael-hackman.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Michael Hackman\u2019s namesake firm and Square Mile Capital are expected to ink the deal to buy the CBS studio soon.<\/figcaption><figcaption><span class=\"credit\">Hackman Capital Partners<\/span><\/figcaption><\/figure>\n<p>Earlier this month, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/kaufman-astoria-studios-original-home-of-paramount-sold-to-hackman-square-mile-1235045598\/\">Hackman and Square Mile Capital\u00a0acquired\u00a0Kaufman Astoria Studios<\/a>, the New York studio backlot and the original home of Paramount Pictures.<\/p>\n<p>Hackman, which already owns eight studio lots, home to 70 soundstages with another 35 in development, is one of the most active investors in the space, along with Blackstone Group and TPG, which <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20211112005845\/en\/TPG-Real-Estate-Acquires-Leading-Sound-Stage-Owner-Cinespace-Studios\">recently bought the Cinespace Studios<\/a> in Chicago in Toronto. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"General views of CBS Studio Cente\" class=\"wp-image-20164395\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs-radford-studio-2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>ViacomCBS put the CBS studio up for sale in order to free up cash to invest in programming for its streaming service. <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>CBS put its 38-acre campus \u2014 dubbed the \u201cRadford Lot\u201d for its location on Radford Avenue in LA\u2019s Studio City district \u2014 on the block in late August, as the network sells off non-core assets in order to invest more heavily in creating shows and movies for burgeoning streaming platforms.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of the sale comes shortly after ViacomCBS\u00a0sold CBS\u2019 original Midtown Manhattan corporate headquarters, known as \u201cBlack Rock,\u201d\u00a0to real estate investment firm Harbor Group International for $760 million in mid August.<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Hackman Capital Partners and Square Mile Capital Management had the winning bid, beating out roughly a dozen parties, The Wall Street Journal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/cbs_05.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[119217,2443,72881,5021,46551,26655],"class_list":["post-368702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-16-21","tag-cbs","tag-commercial-real-estate","tag-hollywood","tag-viacom","tag-viacomcbs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368702"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368703"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}