Prices Soar for TV and Film Facilities as CBS Studio Fetches $1.8 Billion
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
The next stage of the streaming wars is being filmed live in front of a live studio audience.
CBS Studio Center, the Los Angeles complex where Seinfeld, The Mary Tyler Moore Show, and other classic sitcoms were taped, is expected to sell for $1.8 billion in a near-finalized sale to Hackman Capital Partners and Square Mile Capital Management LLC, The Wall Street Journal reported Tuesday. That's $500 million over the figure expected when it hit the surging soundstage market last summer.
Source Fool.com
