SOLDKCET Sells Production Studio, Will Relocate To New Production Facility To Expand Broadcast and Digital Offerings
Yahoo (PR Newswire) 25th April 2011http://news.yahoo.com/s/usnw/20110425/pl_usnw/DC89112_1
LOS ANGELES, April 25, 2011 /PRNewswire-USNewswire/ -- KCET, the nation's largest independent public television station, announced today that it has sold its production facility to the Church of Scientology for an undisclosed amount. KCET lot sold to ScientologyFinancial terms of deal for historic studio facility not disclosed
Variety 25th April 2011http://www.variety.com/article/VR1118035857
Pubcaster KCET-TV Los Angeles has inked a deal to sell its historic 3.5-acre studio lot in Los Feliz to the Church of Scientology.KCET sells Sunset Boulevard studio to Church of Scientology
It's unclear what Scientology intends to do with the Sunset Boulevard lot, which encompasses three soundstages. The church is known to have an existing production facility in Hemet, Calif.
LA Times blogs 25th April 2011http://latimesblogs.latimes.com/money_c ... tudio.html
Terms of the deal were unavailable, but the 4.5-acre property at 4401 W. Sunset Blvd. has an assessed value of $14.1 million, according to county records.
The Clearwater, Fla.-based Church of Scientology was incorporated in Los Angeles in 1954 and owns dozens of properties in Los Angeles County, including the former Cedars of Lebanon Hospital at Sunset Boulevard and L. Ron Hubbard Way.
Huffington Posthttp://www.huffingtonpost.com/2011/04/2 ... 53575.html
L.A. Curbedhttp://la.curbed.com/archives/2011/04/k ... tology.php
LAt Times, Business.http://www.latimes.com/business/la-fi-k ... 1911.story
NBC LAhttp://www.nbclosangeles.com/news/local ... 69559.html
LAisthttp://laist.com/2011/04/25/scientology ... r_kcet.php
...and so on.Update on the Variety article, on what scientology intends to use it for...
Scientology indicated it intends to maintain the property - which encompasses two sound stages, a standing news/talk show set and post-production facilities - as a working lot. The church already has a production facility in Hemet, Calif.
"It is a perfect fit, in both size and location, for the expansion of the Church of Scientology's production of religious and social betterment audiovisual properties, and we welcomed the unexpected opportunity to acquire it. It is also ideally set up to establish a central media hub for our network of Churches around the world," the church statement said. The church noted that the lot in the 4400 block of Sunset Boulevard is down the street from its Los Angeles headquarters and a few blocks away from a church-owned recording studio in Silver Lake.
"This new studio is a turnkey setup that provides the church the means to move into broadcasting for both the religion and its many social betterment and humanitarian programs," the Scientology statement said. "Utilizing the studio's existing satellite uplink, we will be able to provide our churches and affiliated groups globally with instantaneous access to a wealth of content, all in high definition, ranging from the church's six annual international events to new educational and introductory films and even video updates for the public informational displays located in churches around the world."