Founder and CEO of Gearbox Software Randy Pitchford purchased The Magic Castle, an LA-based performance venue.

While Randy Pitchford purchased The Magic Castle, the transaction was reported by CBS with an undisclosed price.

Here’s a look at the property:

The Hollywood landmark was first built in 1908 as a manor by Rollin B. Lane, but it did not become the location of note that it is today until it was leased by the Larsen Family in 1961.

Known for its exclusivity, The Magic Castle solely permits members of the Academy of Magical Arts, a group of over 2,000 practicing magicians, and their guests to enter the interior.

Randy Pitchford, who himself practiced magic at the location, has said that, “The Magic Castle is like bedrock–the center point of magic.

The people who think of the Castle as their home and the place itself seem to have magical properties that have created and inspired some of the world’s greatest entertainers.”

It is reported that his motivations for purchase of The Magic Castle was both to aid individuals within in magic community and ensure its continued existence that had been threatened in recent times by a fire, the pandemic, and a sexual abuse scandal.

Gearbox Software is the developer behind the recently released Tiny Tina’s Wonderlands. In case you missed it, you can check out our review of it here.

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