Entertainment
Sony’s Plans for Paramount Include Sale of Famous Studio Lot
- Tokyo electronics giant already has facilities in Culver City
- Prospect of iconic lot’s sale alarms some Hollywood historians
The Paramount Studios in Los Angeles.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
Sony Group Corp. plans to sell the historic Paramount Pictures lot in Los Angeles, featured in films such as Sunset Boulevard, if it succeeds in buying the studio’s parent company, according to people familiar with management’s thinking.
The consumer electronics giant already owns a large film and TV-production facility in nearby Culver City. Tokyo-based Sony is most interested in Paramount Global for its intellectual property, which includes movies like The Godfather and Top Gun: Maverick, said the people, who asked to not be identified because the discussions are private. It plans to keep Paramount Pictures as a label within Sony.