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

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.

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

John Mayer is set to purchase the storied Hollywood lot established by Charlie Chaplin and later owned by A&M Records and the Jim Henson Company, according to The Hollywood Reporter. A rep for Mayer - who has an office on the lot - confirmed that the musician,

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

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.”

The historic Jim Henson Company lot, which started life as Charlie Chaplin Studios in Los Angeles, has found a new buyer: John Mayer. Yes, the singer-songwriter behind "Daughters" and "Waiting on the World to Change" has partnered with filmmaker McG to purchase the sprawling lot,

EXCLUSIVE: John Mayer and McG are closing in to the buy the famed Jim Henson Studio lot ne the Charlie Chaplin Studios at 1416 N. La Brea in Los Angeles, CA. Sources are telling us this tonight. No purchase price was disclosed.

The storied property — formerly A&M Studios and earlier Charlie Chaplin Studios — had been the subject of bid speculation from the Church of Scientology.

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.