Disney plans to vacate storied Fox lot in Century City by year's end
- The Walt Disney Company will vacate the Fox Studio Lot in Century City by the end of the year, as it will not renew its lease, costing them approximately $50 million annually.
- Fox Corp. Aims to find new tenants for the sound stages and office space after Disney's departure and is optimistic about the property's future.
- Fox has begun permit processes for a $1.5 billion expansion of its Century City property, adding over 2 million square feet of new facilities.
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Disney plans to vacate storied Fox lot in Century City by year's end
Disney's lease for space on Fox's Pico Boulevard compound in Los Angeles expires next March. The company has no plans to renew its lease and plans to vacate by year's end, Disney insiders said.
·Los Angeles, United States
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