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.

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

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.

This is not a blog post about John Mayer doing something with Mk.gee, the ascendant phenom who played SNL last weekend and who seems like the answer to the question “what if John Mayer was a 28-year-old Bandcamp weirdo right now?

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

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.”

John Mayer and McG are closing in to buy the famed Jim Henson Studio lot and the Charlie Chaplin Studios in Los Angeles.

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

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

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