In a move to preserve the historic Magic Castle in Hollywood, video game mogul Randy Pitchford is buying the famous home to the Academy of Magical Arts.
The purchase, which is expected to close by the end of the month, will ensure the prime property in the heart of the tourist district remains the academy's clubhouse and performance venue, Pitchford said. The price has yet to be disclosed.
Pitchford is best known as the founder of Gearbox Entertainment Co., which developed the popular Borderlands franchise of video games. He is also a lifelong magician and member of the academy based at the Magic Castle, where he learned the tricks of the trade.
