Yahoo, AOL move to H'wood

Physical media may be on its way out, but even virtual media companies need a home address.

And with ties between Hollywood and dot-com giants firming up by the day, Netcos are increasingly looking for an L.A. address.

Last year, Yahoo signed a 10-year lease for a 230,000-square-foot space in Beverly Hills to house all its content operations.

And America Online has just signed a 10-year lease for an 83,000-square-foot space in Beverly Hills it will start moving into later this year.

Time Warner-owned AOL is moving just some of its media staffers to L.A., keeping the bulk of its operations in Gotham and Virginia.

Moves make sense, as AOL just closed a deal to produce a massive online reality show with producer Mark Burnett. Yahoo has several large-scale programs in development.

Both Netcos need to recruit and take meetings with Hollywood talent, as well as find room for the oldest of media needs: studio space to shoot their shows.

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