It all goes back to 2019 when CBS sold Television City to Hackman Capital Partners for $750 million. In early 2023, Hackman announced that they would be overhauling the historic studio lot with a $1.25 billion renovation. This means that several shows from the lot would be forced to move, including Dancing With the Stars, The Young and the Restless, American Idol, and Real Time With Bill Maher.

Luckily, Fremantle, which produces The Price Is Right, recently invested in some properties. One of those properties is a new facility in Glendale, marking the first time The Price Is Right will film in a different studio after over 50 years on the air. The Price Is Right used to be taped in the Bob Barker Studio, so the studio change truly marks the end of the Bob Barker era.

"I'll miss, like, the sense of history," Drew Carey told CBS News. “When I come in here it's just always felt like a nice, comfortable shoe … The fact that I'm here and I'm the last one to host this 'Price is Right' here, and they're trusting me to move it along and start the whole stage again, I feel pretty good about that, a pretty good honor.”

Show announcer George Gray shared Drew’s sentiment. “If it was up to me, we wouldn't leave, you know," Gray said. "I mean, I love this history." Clearly, now that The Price Is Right has begun its first season in the new studio, fans feel the same way. Some of the nostalgia and history that encouraged us to tune into the historic game show is now gone with the Bob Barker Studio.