The Fox lot in Century City has been a movie studio for more than 80 years, the place where classics like “Hello Dolly!” and “How Green Was My Valley” were filmed. But with the massive Disney-Fox merger on Thursday, the future of the 53-acre lot has been thrown into doubt.
The remaining Murdoch empire will hang on to the property for now, and has agreed to lease the studio space back to Disney for seven years. But that’s a relatively short horizon given the glacial time scale of real estate development, and it has led to speculation that the Murdochs will look to offload the property, perhaps even before the lease expires.
It is possible that another content producer — such as Apple, Amazon, or another digital provider — may seek to acquire the property, or just rent out any space that Disney opts to vacate. But purely as a business proposition, the land may...
The remaining Murdoch empire will hang on to the property for now, and has agreed to lease the studio space back to Disney for seven years. But that’s a relatively short horizon given the glacial time scale of real estate development, and it has led to speculation that the Murdochs will look to offload the property, perhaps even before the lease expires.
It is possible that another content producer — such as Apple, Amazon, or another digital provider — may seek to acquire the property, or just rent out any space that Disney opts to vacate. But purely as a business proposition, the land may...
- 12/15/2017
- by Gene Maddaus
- Variety - Film News
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