Culver Studios to Close ?

The+Culver+StudiosThe studio where the Atlanta fire scene in Gone With The Wind, Citizen Kane and X-Men: First Class were made has new owners today after a long sale process, according to Deadline Hollywood. While Culver Studios declined to comment on the upcoming finalization of ownership to Hackman Capital Partners or the future of the production property, sources tell me that the 13 soundstages will be likely shuttered for good over the next 18 months to two years after existing productions wrap. ABC’s Marvel’s Agents Of S.H.I.E.L.D., CBS’ Extant and other productions now in residence there will see their current agreements and leases honored. Speculation is that the 14-acre lot at 9336 W. Washington Blvd will be turned into either office space or condos after that. The property is currently owned by Lehman Brothers Holdings Inc who were among a group who purchased the studio from Sony in 2004. Almost new owners privately-held investment firm HCP specialize in industrial real estate.

We’re also hearing there have been layoffs already at Culver Studios involving studio employees.

The studio was built in 1918 by silent movie producer Thomas Ince and through the years was owned by Cecil B DeMille and RKO Pictures (at one point that studio was owned by Howard Hughes), Desi Arnaz and Lucille Ball’s Desilu Productions, and Grant Tinker and Gannett, who renovated the property in 1986. Sony acquired it in 1991 and held on to it for 13 years.  The facility currently offers production and executive office space, conference rooms, a commissary and a fitness center. Stay tuned on this one.

www.culvercitysymphony.org

1 Comment

  1. I’m both stunned and sickened.

    As a resident of Culver City for 18 years, and a member of the
    “Industry” I was completely unaware that this destruction of our history was in the works.

    And for Condos, possibly. That’s just what the City needs , more congestion and overpriced property.

    I can’t understand with all the Town Hall meetings we have,how this was not a big part the Agenda. Perhaps there was some mention in the beginning but I don’t recall EVER receiving any information on it, as I did when “they” were building the Condos on my corner. We(the residents)Won and stopped a Monstrosity from being built)

    How ironic… gone are the days of our small town voices being heard , they are… “Gone With The Wind”

    http://www.elephantjournal.com

    Copyright © 2014 Culver City Crossroads All rights reserved

    See Your Advertisement Here.
    Contact Us.

    Secretary of State – Voter Education

    Culver City Links
    Culver City Gives
    Culver City Unified School District
    Downtown Culver City Information
    The Culver City Website
    United Parents of Culver City

    Log in

    http://www.elephantjournal.com

    Copyright © 2014 Culver City Crossroads All rights reserved

    How The City of Culver City could not saved Culver Studios as as an Historical site, is bewildering. The Culver Hotel is an Historical site.

    as if Culver

Leave a Reply

Your email address will not be published.


*