What's Happening?
CBS Studios, a leading entertainment programming supplier, currently has more than 70 series in production across various platforms, including broadcast, cable networks, and streaming services. The studio's portfolio includes popular franchises such as 'NCIS,' 'CSI,' and 'Star Trek,' along with award-winning talk shows. CBS Studios, headquartered in Los Angeles, California, employs between 5,001 and 10,000 people. The studio was rebranded from CBS Television Studios in 2020 under ViacomCBS, now Paramount Global. CBS Television City, the company's headquarters, was sold to Hackman Capital Partners in 2018 for $750 million and is recognized as a Historic-Cultural Monument.
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Why It's Important?
CBS Studios' extensive production slate underscores its significant role in the entertainment industry, contributing to both cultural influence and economic impact. The studio's successful franchises and diverse programming attract a wide audience, enhancing its market position and revenue potential. The rebranding and sale of CBS Television City reflect strategic moves to adapt to industry changes and expand its global reach. This expansion supports job creation and innovation in media production, benefiting the local economy and maintaining Los Angeles' status as a hub for television and film production.
