After 51 years of broadcasting at its studio home in Television City, The Price is Right is moving to a new studio before its next season.
Television City is one of the most iconic studio spaces in Los Angeles and has been the home to series such as The Price is Right and The Young and the Restless for decades. The studio space was sold by CBS to Hackman Capital Partners in 2019 for $750M, and the new owners are now preparing to spend $1.25B on much-needed upgrades and renovations. With that comes the need for some tenants to move out at least temporarily, if not permanently.
One show that is planning a more permanent departure is The Price is Right.
The series, which is owned by Fremantle, will be moving to the newer Haven Studios in nearby Glendale, Calif. Fremantle is an investor in the facility via a long-term lease.
“In light of Hackman Capital Partners’ plans to undergo a major renovation at Television City, the time has come to move television’s longest-running game show, The Price Is Right, into a new home,” Suzanne Lopez, COO of Fremantle, said in a statement. “While we bid a fond farewell to this cultural landmark, we are excited to say that we will be moving into a brand-new, state-of-the-art facility at Haven Studios. We can’t wait to have our fans “Come On Down” to this new facility when we begin production on the next season this summer.”
Television City will be expanding from eight stages to 15, and will retain the four original stages built by CBS when the facility was built in 1952. The plans call for keeping some of the most iconic design elements while also adding new production support facilities and offices for rent.
Let’s Make a Deal will also be relocating to the Haven Studios facility, but is currently tapes in Sylmar, Calif.