Prices Soar for TV and Film Facilities as CBS Studio Fetches $1.8 Billion

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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.

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Source Fool.com