Recording divisions to remain in biz
The Jim Henson Co. will shift its production operations to the 83-year-old Chaplin Studios in Hollywood this spring, following an extensive revamping of the site.The Jim Henson Co., currently located at Raleigh Studios in Hollywood, has agreed to lease the soundstage area historic site from the Henson family, which bought the site late last year from Seagram for $12.5 million. Seagram had put the five-acre property, best known as home to A&M Records, up for sale a year ago after completing its buyout of A&M parent Polygram. The five children of the late Jim Henson — Brian, Cheryl, Heather, John and Lisa — plan to continue operating the two recording studios on the lot as a separate business. Charlie Chaplin began building the lot in 1917 and sold it 36 years later. The property, most recognizable for the Tudor-style buildings facing La Brea Avenue, exchanged hands several times before A&M founders Herb Alpert and Jerry Moss purchased the lot in 1966 for their record label and converted two of the soundstages into recording studios.