Fox Business’ Max Gorden reports from Los Angeles, California at the Occidental Studios currently offered for sale.
A group of Los Angeles Studio, known for sale at eight numbers.
Occidental studios are looking to sell Historical Film Studio For $ 45 million.
“This is a place that has a lot of history. It was built for the first time in 1913 Some films Until it was an audio, “Fox Business Max Gorden reported on Wednesday.” It comes with a office space. It comes in full with the pingles, then there are also four sound stages here. ”
The Occidental Studios feature is worth $ 45 million. (CBRE)
The first stage, which is the largest vocal stages, extends over an area of 14,000 square feet and has a 54 -foot ceilings.
A view of the interior of stage 1 in the Occidental Studios. (CBRE)
Craig Darian, CEO of Oxidental Innerns Holdings, CEO of Oxidental Intertal Holdings, CEO of Oxidal Inter Holdings, CEO of Oxidal Intertal Holdings, CEO of Oxidal Inpting Holdings, CEO of Occidental Entertaining Holdings for Fox Business: “If we cannot sell at $ 45 million or there with our conditions comfortable, it will not be just a money game, then this will be a hidden play.” “We keep a piece of art, and we will be stubborn in the next generation. It will not only be sold to anyone.”
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They want the next owner of Oxidental studios to continue filming in the property, according to Jordan.
According to another film studio was obtained by singer John Mayer and MCG movie producer last year at a price similar to what Oxidental studios are requested. This property, Jim Hinson Studios, hand trading in a deal of approximately $ 44 million.
Sound stages in Los Angeles witnessed average occupancy rate of 63 % last year, according to a movie. This represents a five -degree decrease in 2023.
Hollywood is competing with other places in the United States and other countries to shoot films and television in recent years, according to Jordan.
Los Angeles sees a continuous decrease in films and television production
As mentioned California lawmakers He recently agreed to a procedure to raise the amount of money allocated to the state’s film and television credit program to $ 750 million per year. It was previously 330 million dollars.
Los Angeles is currently about 8 million square feet of theater production. (Etienne Laurent / AFP via Getty Images / Getty Images)
“It is more interactive, frankly, than pre -emptive,” Darian told Fox Business. “Whether it’s very little, very late, it’s a game that we must notice. Our legislators You should be very interested in the importance of this industry. ”
The entertainment industry in Los Angeles “brings more than $ 30 billion to California and supports more than 200,000 local jobs,” according to the Department of Economic and Manpower Development in Los Angeles. He is also a large driver for tourism for the city.
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Los Angeles is currently home to nearly 8 million square feet of theater production, according to Filmla.
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