Iconic LA movie studio goes up for sale with a price tag of $45 million
A well-known Los Angeles film studio lot, Occidental Studios, has gone up for grabs with an $45 million asking price. It has been around since 1913. A view of the inside of Stage 1 at Occidental Studios. (CBRE) "If we can’t sell at $45 million or there about on terms that we’re comfortable with, it’s not going to be just a money play, it will be a successor play," Occidental Entertainment Group Holdings CEO Craig Darian told FOX Business. "We’re holding a piece of art, and we’re going to be stubborn in the next generation. It’s not gonna be sold to just anybody." · MEL GIBSON EMBRACES LAS VEGAS MOVIE PRODUCTION AS HOLLYWOOD STRUGGLESAnother film studio was reportedly acquired by singer John Mayer and film producer McG last year for a price similar to what the owners of Occidental Studios are asking. That property, Jim Henson Studios, traded hands in a roughly $44 million deal.Occidental Studios recently went up for sale, with its owners asking $45 million for the historic and well-known Los Angeles-area film studio lot.FOX Business’ Max Gorden reports from Los Angeles, California on Occidental Studios that is currently up for sale.