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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.”

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

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Joe
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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
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Tony

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

Momo
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Momo

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

Barbara from Atlanta
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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… Read more »

Steve Ward
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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… Read more »

Steve
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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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Days of our Lives Returns To Production After Temporary Halt Amid COVID-19

Monday, the cast and crew of NBC’s Days of our Lives returned to taping ahead of schedule after a positive Covid-19 test shut production down originally scheduled for two weeks.

However, Salem is reportedly once again hoping and new scenes and episodes are beginning to tape a week ahead of when originally planned.

Although not officially confirmed by the show, the word of the early return got out, apparently, via a posting by Lauren Koslow on her Instagram account where she is pictured in a Kate Roberts outfit in her dressing room.

Koslow shared: “Stepping into Monday in alice + olivia black velvet,” She also tagged the post #dressingroomselfie and the words. “Stay strong.”

She also added a quote from poet Maya Angelou: “Love recognizes no barriers. It jumps hurdles, leaps fences, penetrates walls to arrive at its destination full of hope.”

So, happy to hear it seems like DAYS is back … once again? Comment below

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Days of our Lives Shuts Down Production For Two Weeks Due to Positive COVID-19 Test

NBC’s Days of our Lives is the next production to put a halt in their taping schedule due to a positive coronavirus test result.  This one from member of the production team as reported by Deadline.

The long-running soap will now shut down production for two weeks   According to Deadline, “The cast, crew and staff of the daytime drama were just notified of the temporary shutdown in an email from Corday Productions.”

Taping is slated to resume October 26.  The pause will not delay air dates, and the show’s  original episodes on NBC will not be disrupted.

The individual who received a positive result as part of the production’s Covid-19 protocols has been placed in isolation.   As well, Preliminary contact tracing has been completed, with the people identified as close contacts to the affected individual placed in quarantine for a period of 14 days.

In addition, out of an abundance of caution, Corday productions will have a deep cleaning and disinfecting process for their production facilities, before any taping is to resume.

So, what do you think about the halt in production at DAYS due to a Covid-19?  Share your thoughts via the comment section below.

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FRIDAY: Knots Landing Cast Reunion On Tap From ‘Stars in the House’

Seaview circle comes alive again to benefit the Actor’s Fund when the highly successful virtual reunion series “Stars in the House” hosted by Seth Rudetsky and James Wesley welcomes cast members from Knots Landing!

Participating in the livestream virtual event will be: Donna Mills (Abby), Joan Van Ark (Val), Michele Lee (Karen), Ted Shackelford (Gary) and Knots Landing’s creator, David Jacobs.

Photo: StarsintheHouse

This is also the first time the leading stars of the legacy primetime CBS soap opera that ran from 1979-1993 will make an appearance together since the passing of their beloved cast member, Kevin Dobson (Mack).

 

This event as well as all others brought to you by Stars in the House is to support those impacted by COVID-19 in the entertainment industry and as Donna Mills expressed: “The Actors Fund helps people in all branches of the entertainment industry during this very difficult time.”

The Knots Landing live reunion is scheduled for Friday October 8th at 8 p.m. EST/5 p. m. PST and you can watch it here.

So, will you be checking out the KL special?  Let us know in the comment section below, but first, if you have not done so already, check out Michael Fairman Channel’s sit-down interview with Michele, Joan and Doona from earlier this year when we celebrated the 40th anniversary of the iconic show.

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