"Despite months of planning, Jimmy Fallon won’t be getting a big, new $25 million studio at 30 Rock after all when he takes over ‘The Tonight Show’ and moves it to New York in 2014," reports Paul Bond in The Hollywood Reporter.

The story continues, "Insiders tell THR that NBC spent seven months working on plans that called for the combining of Studios 6B and 8G and turning them into a megastudio for Fallon as well as a showy theater for NBCUniversal to screen movies. Including a balcony, the facility would have fit an audienceof 400."

The report adds, "The project, though, recently was scrapped, says an insider, and now when Fallon becomes host of ‘Tonight,’ he’ll have to settle for a mere $5 million renovation of Studio 6B, where he currently hosts ‘Late Night With Jimmy Fallon.’ "

Among several reasons that NBC might have changed its mind about the rennovations is this one, the story notes, "Other insiders say NBCUniversal CEO Steve Burke balked at the $25 million price tag and that some worried Fallon couldn’t fill a 400-seat theater five nights a week. Counters an NBC rep, ‘That’s simply not true.’ "