Occidental Studios, a historic film studio in Los Angeles dating back to 1913, is for sale amid industry challenges including competition from other locations and setbacks from the pandemic and strikes in 2023. The seller hopes to capitalize on its boutique reputation with a asking price of $45 million. This studio, previously used by Hollywood legends, could attract modern content creators who value its legacy, despite their typical lack of need for traditional filming spaces.
Occidental Studios may sell to one of today's modern content creators in search of a flagship location. New media entrepreneurs may not often need soundstages, but they like the idea of having the history, the legacy of a studio linked to the early days of cinema.
The potential sale of Occidental Studios comes amid a drop in filming in Los Angeles as the local entertainment industry faces rising competition from studios in other cities and the aftermath of filming slowdowns.
Collection
[
|
...
]