Fox Corp. announces ‘Fox Future’ Studio Lot Project

Fox Corporation has announced the creation of the Fox Future Studio Lot Project, which seeks to build the studio of the future amid the continued evolution of Century City. Born out of the Fox studio backlot, Century City was designed in 1957 to be the intersection of creativity, business, and entertainment production in Los Angeles, and Fox Future expands on that legacy. Given the rapid growth in entertainment production volume over the last decade and the company’s long-term strategy, Fox has thoughtfully planned and prepared a forward looking and flexible investment to secure the future of this economically important and iconic studio property and ensure that Los Angeles remains the capital of the global entertainment industry. Fox Future is expected to be a major economic driver for the City of Los Angeles, responsible for an expected $1.5b in economic impact throughout Los Angeles County and will generate approximately $9M annually in tax dollars that can be used to fund public services such as schools, libraries and emergency response services, underscoring Fox’s commitment to the community.