John Mayer and movie director McG have agreed to buy the Jim Henson Company Lot, a legendary studio in Hollywood founded by Charlie Chaplin.

There had been speculation the Church of Scientology was closing in a deal. John Mayer and McG to Buy Jim Henson Studios Lot for $60 Million After Rumored Bid from Church of Scientology Eddie Fu

Jim Henson Company’s studio, complete with Kermit the Frog statue, was originally founded a century ago by Charlie Chaplin.

John Mayer and McG are dropping a reported $60 million to buy the historic Jim Henson Studio lot (and former A&M Records HQ) in Hollywood. Grammy-winning singer John Mayer and filmmaker McG have teamed up to buy the historic Hollywood home of The Muppets in Hollywood.

According to information obtained by The Hollywood Reporter, John Mayer and McG, otherwise known as filmmaker Joseph McGinty Nichol, have come together to

The singer-songwriter and Dead & Company frontman, together with film director, producer and former record producer Joseph McGinty Nichol, who goes by the name McG, have together entered a contract to purchase the Jim Henson Company Lot in Hollywood for north of $40 million from the Henson family, according to the L.A. Times.

John Mayer and director McG (Family Switch) have teamed up to buy one of Hollywood's most historic studio lots. According to The Hollywood Reporter, a spokesperson for guitarist/singer Mayer confirmed that the pair are "under contract to buy Henson Studios.

Famed rock star John Mayer has joined an investment group that is making a $60 million bid to purchase The Jim Henson Lot in Los Angeles, California, the