JOHNNY Depp is planning to settle down in Hollywood.
The actor — whose relationship with partner Vanessa Paradis is rumored to be on the rocks — has bought a mansion in LA’s Hollywood Hills, plus the surrounding properties, in order to set down new roots.
Depp has already built his own studio so he can spend more time recording acts signed to his music label as well as working on his own material.
“Johnny owns a few properties but he’s investing a lot of time and money into his new Hollywood home in a bid to settle there,” a source said.
“Whether that’s as a single man or with his family is not clear yet.
“But what is obvious is how much time he’s going to dedicate to music.”
Recent reports claimed Depp is planning to snub this year’s Oscars over rumors of his relationship problems
“Johnny feels he can’t win,” said a source close to the actor.
“If he turns up with Vanessa it just looks like they are trying to make a point of being seen together while if Johnny goes on his own it furthers the rumors.
“Johnny is now unlikely to go to the Oscars at all.”
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