Oscar's Hollywood - Summer 2021

CBS Television City at Beverly & Fairfax is about to enter the future as TVC2050. Los Angeles based Hackman Capital Partners has a planned $1 billion plus investment to modernize the complex, create thousands of entertainment jobs, and reaffirm Los Angeles' status as the entertainment capital of the world.

 Since Television City opened its gates in 1952, it has been home to iconic shows from All In The Family and The Judy Garland Show to American Idol and Dancing With The Stars. Designed by architect William Pereira, the original master plan had focused on flexibility and adaptability, and called for the development of dozens of stages and multi-story office buildings. TVC2050 will finally realize his futuristic vision.

 The four original stages will be preserved and restored, and over one million square feet of production space-soundstages, production office, support space-will expand TVC's operational capacity. The project will also include nearly four acres of basecamp and parking structures to accommodate approximately 5,300 vehicles.

Rapidly evolving technological needs and growing demand for stage space necessitate the modernization,  and an  estimated 18,760 direct, indirect, and induced jobs -as well as $2.4 billion annually in new economic output-will result upon completion.

 This plan will deliver new, technology-rich studio facilities that content creators demand and provide the ability to adapt to an ever-evolving entertainment industry, keeping production and jobs in Los Angeles. For more information, visit tvc2050.com.

Posted By Oscar Arslanian on July 05, 2021 05:31 pm | Permalink