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A bunch of traders is buying the New York studios the place “The Sopranos,” “30 Rock” and “Intercourse and the Metropolis”….
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have been filmed, the newest signal that real-estate house owners are attempting to capitalize on the rising reputation of streaming content material.
The group led by Hackman Capital Companions, a Los Angeles-based real-estate investor and operator, has signed a contract to pay $500 million for Silvercup Studios, based on an individual conversant in the matter.
With Netflix Inc., Walt Disney Co., Amazon.com Inc. and others racing to launch new motion pictures and reveals for a booming on-line viewers, demand is rising for area to provide this content material.
Actual-estate brokers say they’ve observed rising curiosity from massive institutional traders in film-production amenities, partially due to the sector’s attraction, but additionally as a result of different sorts of actual property akin to resorts and retail have been hit onerous by the pandemic and recession.