Posted on 04/01/2025 8:22:27 PM PDT by E. Pluribus Unum
Two of entertainment’s most famous brands, Fox and Disney, are parting ways in Century City.
Walt Disney Co. acknowledged Tuesday that it will be vacating the storied Fox Studio Lot, where it has been the primary occupant since Disney bought most of Rupert Murdoch’s 21st Century Fox’s entertainment assets in 2019. The $71.3-billion deal did not include the studio real estate. However, it featured a provision that Disney would move in as a tenant for at least seven years.
Disney’s lease for space on Fox’s Pico Boulevard property in Los Angeles expires next March.
The company has no plans to renew its lease and instead plans to leave by year’s end, said Disney insiders who were not authorized to speak publicly.
The move puts pressure on owner Fox Corp. to find new tenants for the soundstages and office space where movies and television shows have been made for generations. Famous movies brought to life there include “Miracle on 34th Street,” “The Seven Year Itch” and “The Sound of Music.” The lot also is home to Fox Sports, the Fox broadcast network and the writers’ room for “The Simpsons.”
Fox receives $50 million a year for leasing out the space, according to regulatory filings.
Disney is the largest tenant, but Fox executives say they are bullish on finding new occupants.
“The Fox Lot is second to none in terms of location and premium production and post-production facilities available,” Fox said Tuesday in a statement.
Disney has gradually shed its Fox DNA since the deal. In 2020, Disney retired “Fox” branding from the logos and assets it acquired from Fox to minimize confusion with properties that remain part of Murdoch’s empire, including Fox News.
Since the acquisition, dozens of television studio and FX network executives have remained in their longtime offices on the lot...
(Excerpt) Read more at latimes.com ...
In can remember when getting/having a job at Disney studios was a very big deal and was well sought after.
Netflix might be interested in leasing some of that property.
From Mortimer Mouse to just a few years ago a Union scale job at Disney was near as secure as working for the government. Now, maybe not so much, unless you are in front of or on stage with the live cameras.
I doubt it, production companies are leaving LA and going other places where all is cheaper.
Fond memories of visiting that lot a couple of times, including crashing the wrap party for YOUNG FRANKENSTEIN way back when. Hollywood is deader than vaudeville now.
>>Hollywood is deader than vaudeville now.<<
Vaudeville is not dead, it’s just called “America’s Got Talent” now.......
The worst thing to ever happen was Disney buying 21st Century Fox, I personally in the buyout chose to keep my former stock convert into Disney. Disney has since nosedived my invest by 50%. Woke Liberal Leftist Corp doing exactly what they do to big cities.
This story represents the perfect confluence of businesses leaving California in droves due to high costs, high taxes and regulations, and the remarkable, decade-long decline of the US movie industry.
And it’s easy to see why.
FOX owns Tubi. So, just rename the space as Tubi Studios and get FOX into making big deal movies once again. Tubi could become the number one movie maker and become a threat to Netflix and Amazon and other streaming movie sites.
I actually find more interesting selections in Tubi than in Netflix. And Tubi is free.
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