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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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CBS Studio Center to Sell for $1.8 Billion

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thewrap.com
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Wall Street Journal reported.Hackman Capital Partners and Square Mile Capital Management LLC posted the (gigantic) winning bid.

While the deal is not yet signed, the agreed-upon price was more than $500 million dollars beyond what the studio was projected to sell for just a few months ago.CBS Studio Center includes 18 sound stages and more than 210,000 square feet of office space. “Seinfeld” and “Gunsmoke” are among the classic series that were shot there.CBS appears to be having an everything-must-go sale on real estate.

In 2019, CBS Corp. sold Television City to Hackman Capital for $750 million. CBS recently agreed to sell its Black Rock headquarters in New York City for $760 million to Harbor Group International (HGI).

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nme.com
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nypost.com
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