ViacomCBS Selling Studio Complex, With Money to Go Toward Streaming
ViacomCBS will sell its 55-acre Los Angeles studio facility, CBS Studio Center, and associated business to a partnership formed by Hackman Capital Partners and Square Mile Capital Management for about $1.85 billion, said ViacomCBS Tuesday. The proceeds will go to…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
growth priorities such as streaming, it said, saying it will enter a long-term leaseback of a broadcast facility there. It said the deal is expected to close by year's end.