Biography & Early Wealth Journey

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The property was Chaplin's home base between 1917 and 1953, going on to be used to film various TV productions of the day before it was taken over by A&M Records in 1966. They sold it to The Jim Henson Company for $12.5 million in 1999, and now it is set to pass into the hands of Mayer and McG.

As to what this motley pair may be planning to do with the property, that doesn't seem to be public knowledge, and neither Mayer nor McG has commented on the sale publicly (except to confirm it in a short press statement) as of this writing. But with filmmaker McG involved it's possible it will return to being used as a film and television studio as opposed to the music recording facilities that are there now.