“This is a huge step forward for Entertainment Studios as we invest in the expansion of our company’s production capacity,” said Byron Allen, Founder, Chairman and CEO of Entertainment Studios. “We are now in production on 36 shows, and we are continuously producing content for our eight 24-hour HD cable television networks. Our new studio in Culver City is the perfect facility to accelerate our production output.”
According to Hispanic Business.com, Entertainment Studios, Inc., an independent producer and distributor of first-run syndicated television programming for broadcast television stations and owner of eight 24-hour linear HD television networks announced its lease of a 75,000 square foot television and film production studio in Culver City.
According to a release, the Culver City production facility is located in the Hayden Tract.
Entertainment Studios will also retain the Century City corporate headquarters it has occupied for the past 16 years. The corporate headquarters also expanded recently, and now occupies over 20,000 square feet of an entire floor of a Century City high rise office tower.
The transaction is a multi-million dollar, multi-year lease, and was negotiated by BT Equities, Inc. representing Entertainment Studios. Industry Partners represented landlord Reisbord Family Investments in the transaction.