Inside the Los Angeles real estate owned and occupied by Warner Bros and Paramount

"Warner Bros owns and occupies about 4.1 million square feet of real estate in Los Angeles, mostly in the Burbank Media District, which would in theory become Paramount's (and almost was Netflix's), according to the company's latest annual report. The famous Warner Bros lot where Friends was filmed in the media capital of the world, where the company owns all 2.6 million square feet of studio space."

"The media giant leases 811,000 square feet at the two-tower complex called Second Century near its lot and designed by the late-Frank Gehry, mostly for corporate offices. The Tower 1 lease expires in 2037, and Tower 2 expires in 2039. Worthe Real Estate Group is a part owner."

"The Paramount Pictures Studio lot, which it owns and where Titanic was produced, has about 1.85 million square feet of floor space used for executive offices, sound stages, production facilities and more. Paramount leases approximately 137,000 square feet of office, studio and production space for television news operations at the Radford Studio Lot, under a lease that expires in 2031."

Warner Bros. Discovery owns and occupies approximately 4.1 million square feet of real estate in Los Angeles, predominantly in the Burbank Media District. The company owns the famous Warner Bros. lot with 2.6 million square feet of studio space where Friends was filmed, featuring soundstages and exterior sets. Additionally, Warner Bros. leases 811,000 square feet at the Frank Gehry-designed Second Century complex for corporate offices, 436,000 square feet at Burbank Studios, and 244,000 square feet for streaming and television operations. Paramount Pictures owns its studio lot with 1.85 million square feet used for executive offices, soundstages, and production facilities, and leases 137,000 square feet at the Radford Studio Lot for television news operations. A merger would consolidate these substantial media industry real estate portfolios.

Read at therealdeal.com