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CBS Sells Television City; Y&R and B&B To Remain On Property For At Least Next Five Years

Courtesy/CBS

As it has been in the works for awhile,and  on Monday news broke that the CBS Corporation reached an agreement to sell its 25-acre CBS Television City property including its soundstage operations, to real estate developer Hackman Capital Partners for $750 million.

Hackman Capital also acquired the rights to use the Television City trademark.  The deal is expected to close by early 2019 on the historic property.

So what does this mean for your CBS soaps? Well, they aren’t losing their digs for quite some time!

According to the Hollywood Reporter, “CBS said that a handful of programs that film at Television City, including The Late Late Show With James Corden, The Young and the Restless, The Bold and the Beautiful and The Price Is Right, will continue being produced on the property for at least the next five years.”

In a statement Joseph Ianniello, president and acting CEO of CBS Corporation said “The sale of Television City unlocks significant value, increasing CBS’ financial flexibility, including the ability to redeploy capital for strategic growth initiatives such as additional content investment. At the same time, we will be transitioning this venerable site to a new owner who is committed to its legacy as both a cultural landmark and modern production facility. Hackman Capital has demonstrated terrific stewardship of classic properties, including their development of the landmark Culver Studios.”

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So what do you think of the CBS selling TV City? Share your thoughts via the comment section below.

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Joe
Joe

After five years, then what? They’ll either move the shows to a new location, or cancel them. I guess we’ll just have to wait and see.

Tony
Tony

Cancel B&B, same repeated storylines. Bring back As The World Turns.

Momo
Momo

I don’t understand the reasoning behind doing it. The shows have to film somewhere.

Barbara from Atlanta
Barbara from Atlanta

I don’t live in Los Angeles but, having visited, I think I understand it. Television City seems to be in a prime real estate location in the middle of town. Nearby is the Farmer’s Market and an upscale retail/entertainment complex called the Grove. I think real estate in Los Angeles is unusually expensive and, given the size of Television City and it being in a desirable part of Los Angeles, the prospect of purchasing the lot surely would interest a developer.

There really is no reason that a television studio would need to be sited on such valuable property: Would the viewers really care if a show was filmed there or in a studio located on relatively less expensive property (say as in Pasadena)? Heck, if there was consistency in the sets, the viewers wouldn’t even notice. (I sure didn’t notice a visual difference when ATWT quit filming in the middle of Manhattan and moved to a studio in Brooklyn).

In addition to Y&R and B&B, I’m guessing that The Price is Right, The Late Late Show, and The Talk are all filmed in Television City. I’m not optimistic about the future of daytime serials but the mere selling of this property doesn’t automatically suggest to me that CBS will ax Y&R and B&Ba at the end of the 5-year post-sale period. (However, it certainly is plausible that the cost of moving the production of these shows might weight into that decision — especially if the ratings continue to dwindle).

Steve Ward
Steve Ward

The soaps, Price is Right, Dancing with the Stars (an ABC show) all lease space from CBS. CBS does not give them the studio just because the show airs on CBS. When each show’s contract is up, the shows will decide whether to stay at TV City or move to another studio such as Burbank where Days is taped. NBC sold its Burbank studios years ago. It, too, is owned by a Real Estate conglomerate. CBS needs the money for use elsewhere. CBS has Studio City where it’s local TV stations are located and other production facilities. This change will not affect Y&R or B&B.

Steve
Steve

I wouldn’t worry too much about the shows being impacted. Even after 5 years, development is likely to occur on the parking lot and back area that houses prep facilities.

Although it owned by CBS, Television City is also the home non-CBS shows like Dancing with the Stars and American Idol.

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Constance Towers Returns To GH As Helena Cassadine … But Just How Does She Appear?

Now, any General Hospital fan knows that if there is skullduggery and evil going down, Helena Cassadine (whether dead or alive) is usually somehow involved when it comes to the lives of certain people in Port Charles.

And … some major storyline news from TV Line reveals that on next Monday’s August 19th episode of the ABC soap opera, Constance Towers reprises her role as the evil one herself … Helena!

Apparently, look for Helena to appear in a flashback with none other than Shiloh (Coby Ryan McLaughlin) and about Drew Cain’s time in Afghanistan.  That scene might hold a key to just what Shiloh wants now that he has implanted Drew’s memories into Franco (Roget Howath), thanks to Dr. Cabot’s work.  But could what is revealed also relate to the story that will see Billy Miller (Drew) exit the canvas later this month? Stay tuned.

Viewers last saw Helena alive in story until November of 2016, but then she was part of Jake’s hallucinations that were a part of the chimera storyline that climaxed at the Nurses’ Ball back in May of 2017.

So what do you think Helena’s presence in a flashback will reveal? And, who is ultimately having that flashback? Share your thoughts via the comment section below.

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Daytime Emmys To Merge Younger Actor & Actress Category Into One As Gender-Inclusive Categories Are On The Rise

The upcoming 47th annual Daytime Emmys are already making some changes to key categories and specifically this one that affects daytime drama performers.  Word from Variety is that NATAS (National Academy of Television Arts and Sciences) is going to announce that they are combining the Younger Actor and Actress categories into one gender-neutral category

Not only will the Younger performer category be gender-inclusive, but network soap performances will be combined with digital drama series performances for the category.  Previously, for this past Daytime Emmys, NATAS had changed the Guest Performer in a Drama Series to be gender-inclusive.

This category was initially created in 1985 when it was called the Outstanding Ingenue and then from there tweaked into Outstanding Juvenile Female and Male, and more recently that morphed into the Younger Actor and Actress categories.

Photo: JPI

Former GH star Hayley Erin (Ex-Kiki) and former DAYS star, Kyle Pettis (Ex-Theo) will now be the last female and male to win the two separate categories with this new move for 2020.

Fans of film and TV have noticed that on several award shows on MTV: their Movie and TV Awards and their VMA’s, there are several gender-inclusive categories, as well as the Television Critics Association Awards who for instance doles out Outstanding Individual Achievement in Drama in comedy.

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So, what do you think of the change; that there will now be one Younger performer category at the Daytime Emmys? Comment below.

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GH Writer Change: Shelly Altman Retires; Dan O’Connor Named Co-Head Writer Alongside Chris Van Etten

The word is out that General Hospital’s co-head scribe, Shelly Altman has decided to retire from the rigors of writing a daytime drama series and is leaving the ABC soap opera.  Most recently, Altman had been in charge of the writing of the show along with c0-head writer, Chris Van Etten.

With Altman retiring, GH has named former breakdown writer, Dan O’Connor as the new co-head writer of the series who will work with Van Etten.

According to TV Insider’s report, Shelly’s last day with the characters in Port Charles is this coming Friday, August 2nd.   Viewers can expect to see her stories to continue to play out for the coming months.   In lieu of Altman’s departure, O’Conner was promoted within the writing team and GH ranks.

In a statement, General Hospital’s executive producer, Frank Valentini said on his new co-head writing duo:  “These two understand the canvas and the characters. They also bring creativity, passion and commitment to the show’s history and its future.”

And for Altman’s years on GH, Valentini added: “Shelly, thank you for years of complex, emotional, intriguing story that ranged from suspense to heartbreak to laugh out loud funny, and everything in-between. We wish you all the best in your future endeavors.”

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Altman had been with the GH writing team since 2011 and eventually was promoted to head writer.  She is a two-time Daytime Emmy winner. and a two-time WGA Award winner throughout her soap opera writing career.   As for Chris and Dan, they have been with GH also since 2011 and before that together on the writing team at One Life to Live.

So, what are your thoughts on Shelly’s exit and Dan and Chris crafting the stories for Port Charles? Comment below.

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