Story perspectives

Deutsche Bank Sells TV City Amid Default, Lawsuit, Production Slump

7/10/2026

Summary

Story summary

Deutsche Bank-led lenders are selling Television City after issuing a $357 million default notice.
Hackman Capital Partners, which bought Television City for $750 million in 2019, now risks losing control with a $337.5 million loan balance as of February.
Rick Caruso, owner of The Grove, filed a 2025 lawsuit claiming a state environmental law blocks Television City renovations.
Los Angeles TV-show filming is more than 50 percent below its five-year average, marking a production nadir.

1 of 1

Story summary

Deutsche Bank-led lenders are selling Television City after issuing a $357 million default notice.
Hackman Capital Partners, which bought Television City for $750 million in 2019, now risks losing control with a $337.5 million loan balance as of February.
Rick Caruso, owner of The Grove, filed a 2025 lawsuit claiming a state environmental law blocks Television City renovations.
Los Angeles TV-show filming is more than 50 percent below its five-year average, marking a production nadir.