John Mayer and McG are set to purchase the Jim Henson Company lot for approximately $45 million, aiming to preserve the studio's history and maintain staff.
The duo plans to rename the property, but their intention is not to disrupt operations; rather, they want to honor its legacy while managing the facilities.
Mayer will oversee Henson Recording Studios, a place rich in history where iconic projects like We Are The World were produced, thus continuing its storied legacy.
Despite discussions around a $60 million sale, Mayer and McG are confirmed to have finalized a deal for $45 million, demonstrating their commitment to maintaining its historic value.
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