×

David Ellison in Talks to Buy Santa Monica Post Office Building (Exclusive)

Producer needs more space for growing film, TV activities

David Ellison is in talks to purchase the Santa Monica post office for his Skydance Productions banner.

A rep for Ellison declined to comment. Lee Polster of WestMac, who repped Ellison on the transaction, could not be reached for comment.

The post office, which was opened as part of FDR’s Works Project Administration in 1938, closed in June as business from walk-in customers dwindled.

Skydance currently operates out of an office on the Paramount lot, where Ellison is knee-deep on the fifth installment of Par’s “Mission Impossible” franchise.

In July, Ellison re-upped his co-financing pact with Par through 2018.

The new office space would be an expansion for Skydance, which needs more room to have all its operations under one roof, according to a source close to the company. Skydance just opened a television division run by Marcy Ross and is busy developing a number of projects for Paramount.

Ellison has come on strong as a big producer since founding Skydance in 2006. In addition to “Mission,” Ellison is also in development for a rebooted “Terminator” installment, due out July 1 2015.

Ellison isn’t the first big-budget producer to purchase a post office. Joel Silver has announced plans to extensively overhaul the Venice post office he bought last year.

More Biz

  • Sallie Krawcheck

    Sallie Krawcheck's Ellevest Launches Women-Focused Impact Investment Platform

    Ellevest, the female-focused investment platform headed by Sallie Krawcheck, has launched an impact investment fund that will court high-net-worth women in entertainment and other sectors who want to tailor their stock portfolios to favor companies with good track records on a range of social concerns. Krawcheck, who was one of the highest-ranking women on Wall [...]

  • LeEco founder Jia Yueting

    LeEco Founder Jia Yueting Files for Bankruptcy in the U.S.

    Jia Yueting, the colorful Chinese entrepreneur who founded the LeEco electronics-to-video streaming group, has filed for bankruptcy in the U.S. Jia, sometimes known as YT, has debts on both sides of the Pacific and has been in the U.S. from late 2017, in defiance of an order from the China Securities Regulatory Commission to return [...]

  • Lakers NBA China Criticism

    From the NBA to 'South Park,' China Refuses to Play Ball With Its Critics

    The Oct. 12 game between the Los Angeles Lakers and the Brooklyn Nets in the Chinese city of Shenzhen might have seemed like business as usual, with thousands of basketball fans out in force for the rare opportunity to see their beloved NBA teams compete live. But below the surface, tensions were high at the [...]

  • Whitney Houston Chris Cornell Notorious Big

    Whitney Houston, Soundgarden, Notorious B.I.G., More Nominated for Rock Hall of Fame

    Nominees for the Rock and Roll Hall of Fame’s Class of 2020 were announced Tuesday morning: The lineup comprises Pat Benatar, Depeche Mode, the Doobie Brothers, Whitney Houston, Judas Priest, Kraftwerk, Dave Matthews Band, MC5, Motorhead, Nine Inch Nails, the Notorious B.I.G., Rufus featuring Chaka Khan, Todd Rundgren, Soundgarden, T. Rex and Thin Lizzy. The [...]

  • Help Wanted: Amazon Studios International Execs

    Help Wanted: Amazon Studios International Execs Talk European Expansion

    If there’s a perfect example of Amazon Studios’ strategy with its local-language international TV content, Japan’s “Documental” would be it. The series revolves around 10 comedians who battle to make one another laugh in an elimination-style competition. James Farrell, Amazon Studios’ head of international originals, said it was a good example of an unconventional idea [...]

  • CENTRAL PARK FIVE

    Netflix and Ava DuVernay Sued by Police Interrogation Firm

    The company behind a controversial police interrogation technique filed a federal lawsuit on Monday against Netflix and director Ava DuVernay, claiming that it was defamed in DuVernay’s miniseries on the Central Park jogger case. John E. Reid and Associates developed the Reid Technique in the late 1940s, and it has continued to offer training materials [...]

  • Arnold Schwarzenegger'Terminator: Dark Fate' film panel,

    Arnold Schwarzenegger Trades CAA for UTA

    Arnold Schwarzenegger has departed his former agency CAA and signed with UTA, which will represent the global superstar and two-time Governor of California in all areas. Schwarzenegger, whose films have grossed more than $4.7 billion worldwide, is set to reprise his celebrated role in the “Terminator” franchise, starring in “Terminator: Dark Fate.” He will also [...]

More From Our Brands

Access exclusive content