John Mayer Buys Jim Henson Studio Lot

John Mayer and producer McG have finalized the purchase of the iconic Jim Henson studio lot in Hollywood for approximately $45 million, significantly lower than earlier estimates of $60 million. Mayer will oversee the recording studio, which has hosted major artists and was the site of 'We Are The World', while McG will manage other facilities on the lot. The new owners plan to rename the studio but will retain all current staff and operations, emphasizing their commitment to preserving its historic legacy. Mayer, who already has an office in the building, aims to maintain the studio's reputation as a premier recording facility on the West Coast. The lot has a rich history, originally built by Charlie Chaplin and later home to notable productions and recording sessions. Despite the name change, both Mayer and McG are focused on ensuring the studio's continued prominence without major operational changes.