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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.

Breaking News

Krista Allen is The Bold and the Beautiful’s New Taylor Hayes

In a shocking casting move, former Days of our Lives star, Krista Allen (Ex-Billie Reed from 1996-1999) has replaced long time B&B favorite, Hunter Tylo in the role of Dr. Taylor Hayes.

According to EW.com, Allen will take over the role of beginning on December 10th. Tylo, had previously played the role of Taylor for over three decades on the CBS daytime drama series.

Photo: JPI

The report also notes that The Bold and the Beautiful did reach out to Hunter about reprising her signature role but was unsuccessful.

For fans of the show, Taylor has been absent for many key story points since 2019 including: her son Thomas’ brain surgery and the recent marriage of her daughter, Steffy’s marriage to Finn, plus the birth of her grandson and more.

In a tweet following the casting news being announced, Allen shared on her Twitter account: “This is gonna be a fun one! Very excited to step into this iconic role and be back on Daytime after 25 years! … Omg T-W-E-N-T-Y F-I-V-E years?”

Krista will start taping at B&B’s CBS Television City soundstage this Thursday, October 28th, and will share her first scenes with Thorsten Kaye (Ridge). Will there be trouble ahead in his marriage of Brooke (Katherine Kelly Lang) and Ridge with NuTaylor back in the picture?

Allen was recently seen on the TV series 9-1-1, and numerous primetime and film appearances.

So, what do you think of Krista Allen becoming the recast Dr. Taylor Hayes? Comment below.

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Breaking News

Stars React to Alec Baldwin Fatally Shooting Cinematographer Halyna Hutchins & Injuring Director, Joel Souza, In Prop Gun Mishap On Set of ‘Rust’

UPDATED: Over the last 24 hours, the entertainment world has been stunned, by the horrific incident that took place on the set of the western drama Rust, while it was shooting scenes in New Mexico.

What is known is that Alec Baldwin (Ex-The Doctors, Knots Landing) discharged a prop gun that killed Director of Photography, Halyna Hutchins and injured director, Joel Souza.  The film also stars Frances Fisher (Ex-Edge of Night) and Jensen Ackles (Ex-Days of our Lives). Baldwin is also a producer on the film.

Photo: Getty

According to Variety, the prop gun contained a “live single round,” according to an email sent by IATSE Local 44 to its membership.

On Friday, Alec Baldwin made a statement via Twitter on his Hilaria and Alec Baldwin Foundation Twitter feed, expressing: “There are no words to convey my shock and sadness regarding the tragic accident that took the life of Halyna Hutchins, a wife, mother and deeply admired colleague of ours. I’m fully cooperating with the police investigation to address how this tragedy occurred and am in touch with her husband, offering my support to him and his family. My heart is broken for her husband, their son, and all who knew and loved Halyna.”

Yesterday, The Sante Fe Sheriff’s Departments originally shared that “Hutchins, 42, and Souza, 48 were shot when a prop firearm was discharged by Alec Baldwin.  Ms. Hutchins was transported, via helicopter, to University of New Mexico Hospital where she was pronounced dead by medical personnel. Mr. Souza was transported by ambulance to Christus St. Vincent Regional Medical center where he was undergoing treatment for his injuries. This investigation remains open and active. No charges have been filed in regard to this incident. Witnesses continue to be interviewed by detectives.”

This morning, Frances Fisher revealed in a twitter conversation with Patricia Arquette, that director Joel Souza had been released from the hospital.  Meanwhile, photographs of a distraught Baldwin emerged following the shooting.

Photo: New Mexican

The news of the Baldwin prop gun incident, isn’t the first time something like this has happened. Jon-Erik Hexum was killed on October 18, 1984, on the set of the TV show Cover Up when he accidentally shot himself in the head with a gun loaded with blanks. Then, in 1993, Brandon Lee, the son of martial arts legend Bruce Lee, died from a prop gun accident on the set of The Crow by a cast member.

As the news made its way through the entertainment community and mainstream news, several soap stars shared their reactions to the fatal shooting accident.

General Hospital’s Jon Lindstrom (Kevin/Ryan) expressed: “Feeling so sad for everyone involved in the tragedy on the #RustMovie set. I do know the film was staffed with experienced, thoughtful professionals. Please, let’s wait until we have the facts. Nothing positive will come from passing judgement or casting aspersions before then.”

General Hospital and Dynasty’s Emma Samms (Holly, Fallon) shared on her friend Jon-Erik Hexum’s death: This AWFUL tragedy on #Rust is unfathomable to me. If all on-set protocols were being adhered to, how, on earth, could it have happened? After what happened to Brandon Lee and my dear friend Jon-Erik Hexam, the firearm protocols became incredibly strict. I was told (when I was with him at the hospital afterwards) that Jon-Erik had been working with a completely empty gun all morning. A blank (still very dangerous) was loaded and then immediately there was a delay. Exhausted, he was allowed to fall asleep – loaded gun in hand. hey woke him, but there was immediately another delay. Jon-Erik put the gun to his head, forgetting it now contained a blank, (because he had just woken up) and jokingly pulled the trigger. He was not the kind of person to play around with a loaded gun. #fortherecord”

We will continue to post reactions and update this story.

What are your thoughts on the fatal shooting on the set of Rust? Comment below.  How can this not happen again, so everyone is safe in this working environment when ‘dangerous’ props are called for or used to make a movie or a TV show?

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Breaking News

Natalie Morales Set to Join ‘The Talk’ After Exiting NBC News

Looks like the The Talk table will now be set, as Natalie Morales will be added to the line-up of co-hosts for the CBS daytime afternoon series.

Although CBS would offer no official word or comment after the story on her coming to the series ran in the Daily Mail, Natalie would join: Sheryl Underwood, Amanda Kloots, Jerry O’Connell and Akbar Gbajabiamila on the panel.

This comes after Morales exited NBC News this morning after 22 years for an “unspecified new opportunity”.  However, she will continue to appear on Dateline’s 30th season throughout the rest of year.

The longtime Today Show anchor told staffers she was moving on expressing in a note: “To my Dateline and Today show families, it’s very hard to say goodbye… and we all know in this business it’s never goodbye but see you later. I’m eternally grateful for the support and deep friendships that will remain no matter where our paths lead.  I have so much to be thankful for and for every one of you who helped me get here… muchísimas gracias mis amigos.”

Tom Mazzarelli, the EP of Today also wrote in a note to staff that “Morales been offered an opportunity she’s passionate about and has decided to step away from NBC News after an incredible two-decade career here.”

Natalie previously anchored Access Hollywood from 2016 to 2019 and continued to be the West Coast anchor of Today.

So, what do you think of Natalie Morales, becoming a main co-host on The Talk? Good fit? Share your thoughts in the comment section below.

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