News, Expansion set for old Hollywood studio amid surging demand for L.A. soundstages : detailed suggestions and opinions about Expansion set for old Hollywood studio amid surging demand for L.A. soundstages .
A historic Hollywood studio site where such stars as Rudolph Valentino and Lillian Gish made silent films is poised for a $600-million comeback in the new era of streaming entertainment.
The owner of Television Center, once home to Technicolor’s filmmaking laboratory and Metro Pictures Corp., plans to turn the dated complex on Romaine Street into a bigger, more modern studio that will rent production facilities to people who make movies and television shows.
Spurred by the intensifying competition between streaming platforms such as Netflix and Apple TV+, television production is the top driver of demand for both on-location and stage-based production.
In the ring of L.A.’s famed Thirty Mile Zone of filming territory, developers are upgrading old studios such as Warner Bros. Ranch in Burbank and Universal Studios and inventing whole new ones, including one on the property of the former Sears store in Hollywood and one planned in the Los Angeles Times’ printing plant downtown.