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When Harry, Albert, Sam and Jack Warner, Polish émigrés who arrived in Los Angeles via Canada and the Midwest, bought a vacant farm on Sunset Boulevard, the history of entertainment changed forever.
At the Warner brothers' eponymous studio, the first-ever talking picture, Al Jolson’s The Jazz Singer, was made, and cinema as we know it today was born. A century later, the modern iteration of that studio is part of a similarly momentous change to the way we make and consume the stories we tell about our world — one that could have a big impact on real estate, as well as film and television.
When Blackstone buys into a sector, it does it in a big way, and its investments often presage wider shifts in society and real estate — just think of the way it bought into industrial and logistics after the financial crisis as the wave of…
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