BLT Enterprises Scores Another Hollywood Studio for $64M
Another movie studio has been sold in Los Angeles, adding to the string of recent blockbuster trades for filming space in the world’s showbiz capital.
BLT Enterprises announced it acquired the 200,000-square-foot Television Center complex in Hollywood for $64 million. Property records show that it was owned by an entity tied to Bixby Bridge Capital LLC. The 6.4-acre campus will be renamed the Hollywood Media Center.
It was built in the 1920s and was the original headquarters for Technicolor and the studio lot for Metro Pictures Corp., which became Metro-Goldwyn-Mayer (MGM). Technicolor’s processing lab handled classics such as The Wizard of Oz, Singin’ in the Rain and The Godfather, Part II. It’s located at 6311 Romaine Street, between Cahuenga Boulevard and Cole Avenue, just south of Santa Monica Boulevard.