Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Iconic LA movie studio goes up for sale with a price tag of $45 million
Business

Iconic LA movie studio goes up for sale with a price tag of $45 million

Buddy DoyleBy Buddy DoyleJuly 2, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Iconic LA movie studio goes up for sale with a price tag of  million
Share
Facebook Twitter LinkedIn Pinterest Email

A well-known Los Angeles film studio lot is up for sale with an eight-figure price tag.

The owners of Occidental Studios are looking to sell the historic film studio for $45 million. 

“This is a place with a whole lot of history. It was first built back in 1913 before some movies even had sound,” FOX Business correspondent Max Gorden reported Wednesday. “It comes complete with office space. It comes complete with bungalows, and then there’s also four sound stages here.” 

Stage 1, the biggest of its sound stages, sprawls 14,000 square feet and has ceilings that tower 54 feet high, he reported.

A view of the inside of Stage 1 at Occidental Studios

“If we can’t sell at $45 million or there about on terms that we’re comfortable with, it’s not going to be just a money play, it will be a successor play,” Occidental Entertainment Group Holdings CEO Craig Darian told FOX Business. “We’re holding a piece of art, and we’re going to be stubborn in the next generation. It’s not gonna be sold to just anybody.” 

MEL GIBSON EMBRACES LAS VEGAS MOVIE PRODUCTION AS HOLLYWOOD STRUGGLES

They want the next owner of Occidental Studios to keep filming at the property, according to Gorden. 

Another film studio was reportedly acquired by singer John Mayer and film producer McG last year for a price similar to what the owners of Occidental Studios are asking. That property, Jim Henson Studios, traded hands in a roughly $44 million deal. 

Sound stages in Los Angeles saw an average occupancy rate of 63% last year, according to FilmLA. That marked a five-percentage-point decline from 2023. 

Hollywood has been vying with other places in the U.S. and other countries for the filming of movies and television in recent years, according to Gorden. 

LOS ANGELES SEES CONTINUING DECLINE IN FILM AND TELEVISION PRODUCTION

He also reported California lawmakers recently approved a measure to lift the amount of money allocated to the state’s film and television tax credit program to $750 million per year. It had previously been $330 million. 

los angeles

“It’s more reactive, candidly, than proactive,” Darian told FOX Business. “Whether it’s too little, too late, it’s a game that we’ll have to pay attention to. Our legislators will have to be very attentive to how important this industry is.” 

The entertainment industry in Los Angeles “brings over $30 billion to California and supports over 200,000 local jobs,” according to the City of Los Angeles’ Economic and Workforce Development Department. It is also a significant driver of tourism for the city.

Los Angeles is currently home to roughly 8 million square feet of stage production space, according to FilmLA.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBreads to avoid and body fat warnings, plus dangers of bee stings
Next Article TOP 5 BEST HUNTING RIFLES 2021 (BOLT ACTION RIFLES)

Related Articles

Florida lifts sales tax on firearms, ammunition until end of year

Florida lifts sales tax on firearms, ammunition until end of year

September 8, 2025
Howard Stern returns to SiriusXM show: What to know about his current contract

Howard Stern returns to SiriusXM show: What to know about his current contract

September 8, 2025
Investment firm partners with S&P to create Christian values index fund for evangelical investors

Investment firm partners with S&P to create Christian values index fund for evangelical investors

September 8, 2025
Homeowners’ wealth may be shrinking as price gains lag inflation

Homeowners’ wealth may be shrinking as price gains lag inflation

September 8, 2025
South Korea minister heads to US amid fallout from ICE Hyundai raid

South Korea minister heads to US amid fallout from ICE Hyundai raid

September 8, 2025
Mystery company’s .6B data center proposed for Wisconsin farmland draws residents’ ire

Mystery company’s $1.6B data center proposed for Wisconsin farmland draws residents’ ire

September 8, 2025
The Federal Reserve quietly shapes the Powerball’s .7B jackpot

The Federal Reserve quietly shapes the Powerball’s $1.7B jackpot

September 8, 2025
Hassett says he supports Federal Reserve independence amid Trump admin’s rate cut push

Hassett says he supports Federal Reserve independence amid Trump admin’s rate cut push

September 8, 2025
Bank of America reports small business hiring down 6.7% year-over-year amid tariff surge

Bank of America reports small business hiring down 6.7% year-over-year amid tariff surge

September 8, 2025
Don't Miss
Bernie Sanders rips Dem leaders for snubbing Mamdani in mayoral race: ‘This is our guy!’

Bernie Sanders rips Dem leaders for snubbing Mamdani in mayoral race: ‘This is our guy!’

CNN’s Brian Stelter says ‘pro-Trump activists’ seized on Charlotte stabbing, rips ‘baldly racist’ comments

CNN’s Brian Stelter says ‘pro-Trump activists’ seized on Charlotte stabbing, rips ‘baldly racist’ comments

They’ll Hate Me For This – Savage 1911 Review!

They’ll Hate Me For This – Savage 1911 Review!

LAPD ends Kamala Harris security after union backlash over elite officer use: report

LAPD ends Kamala Harris security after union backlash over elite officer use: report

Latest News
ME LOVE YOU LONG TIME – Shadow Systems DR920L!

ME LOVE YOU LONG TIME – Shadow Systems DR920L!

September 9, 2025
Supreme Court allows Trump ICE raids to resume in California

Supreme Court allows Trump ICE raids to resume in California

September 9, 2025
49ers’ George Kittle expected to miss 3-5 weeks with hamstring injury, while Brock Purdy uncertain for Week 2

49ers’ George Kittle expected to miss 3-5 weeks with hamstring injury, while Brock Purdy uncertain for Week 2

September 9, 2025
I still want it. – TGC News!

I still want it. – TGC News!

September 9, 2025
ICE raids Georgia Hyundai battery plant, sparking firestorm with South Korea – what to know

ICE raids Georgia Hyundai battery plant, sparking firestorm with South Korea – what to know

September 9, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.