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

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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.

Breaking News

Cameron Mathison Joins General Hospital

Big casting news! Daytime favorite, Cameron Mathison (Ex-Ryan Lavery, All My Children) is heading to General Hospital.  

Mathison, who will finish up his run as co-host of Hallmark Channel’s Home & Family when its final season ends in August, will be joining the ABC soap opera.

No word yet on what role Cameron will play and when he will debut.  Deadline broke the news of the newest GH cast member,

Throughout his acting career, Mathison has earned two Daytime Emmy Supporting Actor nominations in 2002 and 2004 for his work on AMC.

In a statement on joining the legacy series, Cameron said, “I am absolutely thrilled to be part of the General Hospital family!  Incredibly grateful to (Executive Producer) Frank Valentini and the writers at GH for including me in such an iconic show.  I feel like a kid at Christmas, as I’ll also be continuing making Hallmark movies and be part of that family as well.  So so excited… thank you!”

So excited that Cameron is coming to Port Charles? What role will he or should he play? Share your thoughts in the comment section below.

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Daytime Emmys Land Two-Year Deal At CBS; NATAS Reveals This Year’s Broadcast Set For June 25th

Some great news for daytime fans!  Following a deal announced today between National Academy of Television Arts & Sciences (NATAS) and CBS, the network now has a two-year deal to broadcast the Daytime Emmy Awards.

CBS will present this year’s 48th Annual Daytime Emm Awards, on Friday, June 25 (8:00-10:00 PM, ET/PT), on the CBS Television Network and it will stream live and on demand on Paramount+.   This will mark the 15th time CBS has broadcast the Daytime Emmy Awards, more than any other network. CBS also aired last year’s Daytime Emmys amid the Covid-19 pandemic.

In addition, this is the first time since 2008 that one network will broadcast both the Daytime and Primetime Emmy awards in the same year. CBS last hosted both specials in 2005.

 

The Daytime Emmy Awards have recognized outstanding achievement in daytime television programming since 1974.  The awards are presented to programs broadcast between 2:00 AM and 6:00PM, as well as all forms of children’s television programming and certain categories of streaming and syndicated content.

NATAS also revealed today that this year’s Daytime Emmys are the most competitive ever, with more than 3,100 submissions featuring content that originally premiered in calendar-year 2020, judged by a pool of peer professionals from across the television industry.

The 48th Annual Daytime Emmy Awards will be produced by NATAS and Associated Television International (ATI), which produced Daytime Emmy Award ceremonies on The CW in 2009 and on CBS in 2010, 2011 and 2020. Adam Sharp and Steve Ulrich are executive producers from NATAS, while David McKenzie is executive producer and director from ATI.

So excited about the Daytime Emmys will return to network TV for two more years guaranteed, and that we have a date for this year’s presentation this summer? Comment below.

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REPORT: Dan Feuerriegel is DAYS New EJ DiMera

Could Days of our Lives finally found their new EJ? Rumors have been circulating on the internet for weeks that the character of EJ DiMera may finally have a new face and a new actor portraying and heading back to Salem, especially since Sami (Alison Sweeney) is back on the canvas.

The role was previously played by longtime fan favorite James Scott, who had made it very clear he would never return to Days of our Lives.

Photo: DFeuerriegelIG

Now according to Daytime Confidential and their report from setside sources, the new EJ will actually be played by former Spartacus actor Dan Feuerriegel.

The Australian-born actor has been seen in Starz’ Spartacus franchise in the role of Agron.

According to the report, look for the new EJ to make his debut sometime this summer.

DAYS fans know that in story, EJ was brought back form the dead, from the serum from Dr. Rolf, but then was injured in an explosion and had reunited with Sami and had been recovery in Europe.

So, if this reports turns out to be true, what do you think of the new EJ? Comment below.

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